[Porsche-O-Phile]

Agree with ya Rick - if someone's stupid enough to pay 40% (or 76% or 200%) that's their problem - and arguably the lender's when the person can't/won't pay it back of course...

The only exception should be federally-guaranteed loans. In those cases, the gov't probably should have some input on rates so that the taxpayer is less likely to get stuck with the bill when the borrower says "forget it - I can't pay you back". But other than that I agree with you.

Hell, even 10% is ridiculous. Interest is for suckers.