Yes, but some people are going to wind up at Money Mart. This is exactly the kind of business that the chartered banks, at least, have been walking away from. Look at the amount of paperwork associated with checking out 20 signatories to one $20,000 loan and doing the due diligence associated with that. I don't think there is any profit for the banks at 2% or 4% interest on that kind of an operation.
On October 18th, 2012. See this statement in context.