But I would also consider a predatory lender someone who makes a loan to an individual that he knows can't be repayed or someone who hides the real terms of the loan.
Since 2007 we have all heard about the predatory home lenders and know only too well the damage they have caused. But what about the banks giving out credit cards with interest rates that are sometimes 30% or more. If that isn't predatory I don't know what is. Especially, when you consider how much harder Congress has made it, in the last few years, for someone to declare bankrupcy and get out from those credit card debts.
And what about the debt that has been foisted on a lot of third world countries by banks (some governments too). A thug dictator takes out a loan from a bank and spends the money on palaces and keeping in power. The dictator is overthrown and replaced by another dictator. Now, the country has nothing to show for the loan and is stuck paying off the loan. And this goes on and on and gets to the point where over 50% of the pitiful budget of the country is going to paying off banks.
Let's review..... Bankers make predatory loans to homeowners and throw the entire world into a deep recession and turmoil. Bankers make predatory loans to consumers with credit cards having exorbinant interest rates. They cause mass bankrupcies. They also cause people to refinance into predatory loans to pay off the credit cards. Bankers make loans to third world thugs and throw countries into even deeper poverty.
