Yes, I have a view on it. I think it's outrageous. That's something that started Muhammad Yunus in a certain.... Microfinance began as an action study at a university in Bangladesh. It ended up with 700,000 women depositors owning the bank. I think that's tremendous success. But, of course, this demonstrated to the private banking sector globally how lucrative this area can be. You can't regulate every moneylender in the world.
On December 8th, 2011. See this statement in context.