Thelending pool, runbyfriends, charged only 7 percent a year, shesaid — similar to what a bankloan would have been, butwithoutonerouspaperworkor redeposit requirements.
We do not respond well to gratuitous bank bashing either, because, frankly, we would like our bank to be less afraid of onerous regulation, so it might grant us a reasonably priced loan.
Leading an international drive to unburden hopelessly indebted Third World countries from onerous interest payments that lock them into a vicious cycle of poverty, Clinton pledged the loan relief two years ago.