> No one is loaning anyone money with the expectation that they're going to lose money on it. The expected value of a loan from the issuer's point of view is always positive. Well put. But I also find wisdom in the…
> No one is loaning anyone money with the expectation that they're going to lose money on it. The expected value of a loan from the issuer's point of view is always positive. Well put. But I also find wisdom in the…