Do cops really arrest you if you don’t pay back a loan? I thought we gave up debtors’ prison a couple decades ago.
No, they arrest you if you attempt to be a fractional lender without a banking license.
We gave up debtor's prisons because they were too small - bankers have figured out how to turn the whole country into a debtor's prison - and make the inmates thank them for it, and praise them as saviors. It's actually quite brilliant, in a demonic way.
And BTW, if you're not posting on this thread and defending them from your own private island, then you're one of the prisoners, too. Or maybe a guard. No more than that.
Think of debtors prison for the John Corzines of the world and you may change your mind