If I finance one taco, that’s my problem. If a finance a thousand tacos, that’s the bank’s problem

damn, funny tweet

what if we give out a gajillion loans with 0 collateral. but also basically everyone using our app is too poor for us to legally reposess other shit. Sounds bad? Here's the kicker: the loans are so small even if we could repo shit it'd be economically unviable

thanks for the free burger suckers

https://en.wikipedia.org/wiki/Klarna

the "Controversy" section is an incredible read.

they may be Swedes, but I think they deserve US citizenship for going above and beyond the call of stupid greed for an average burgerland fintech platform.

TFW, you get a multi-millionaire VC started "burger on payment plan" business to buy you a burger and never pay them back.

I wonder when the cops will first summarily execute someone for missing their Klarna payment.

Is it praxis to take out micro loans ?

Can someone who is good at the economy tell me if this is a good business plan?

The US deficit is around the same size as credit card debt held in the US, the difference is that the powers that be are willing to squeeze US consumer debt. What's going to happen as the amount of debt held by citizens increases to an unstable amount.