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Comment Re: It happened with Wikipedia 20 years ago (Score 3, Informative) 98

"Wikipedia should not be cited as a source because it's "The Encyclopedia Anyone Can Edit" and therefore there is no guarantee that the articles will be factually accurate or even exist should someone decide to edit or delete it." My chemistry professor in university would instruct his students not to cite Wikipedia for their reports. He would then sabotage the Wikipedia articles in subtle ways to catch students using Wikipedia. Anyone caught was given an automatic fail for the class.

Comment Re: Good, I hope they all implode (Score 1) 147

"How are they predatory? Users know exactly what they are doing? Can we stop pretending that nobody has agency and is in control of their own actions?" . I agree in that users SHOULD know what they're getting into, but financial literacy is not as wide spread as we'd like. There are a lot of idiots out there which these companies know will be their primary customer base, which is what gets them labeled as predatory. Personally, I have no sympathy for either side because the layman who falls in that trap always has the freedom to default on their agreement if they also accept the consequences (eg lower credit rating). The interest calculated by the lender factors in the rate of defaults, so you know they're raking it in until enough customers collectively refuse to pay.

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