Relaxing of credit is good for the economy and those doing
business, yes, but look, the thing here is not so much about the
fact of money lending, it's more of the fact that the government is
unfairly doing the money lending thingy (aka loansharks) because
they are the main profiteers which previously loansharks have been
denied to. Money lending has been around for a long time, and the
reason those ah longs never get a chance to become legalize is
because they never get approved nor permitted. So why are those
loansharks not approved to become a legalize entity is because the
government rationale is that these money lending scums are harming
the society. And today, money lending is legalized, and at those
cut throat interest rates, I do believe it's comparable to loan
sharks as well as harming the society. But why is it legalized for
SingPost to do it? Well, go figure, your guess is probably as good
as mine... 