Netflix Dirty Money series. Anyone else viewing?

Netflix Dirty Money series. Anyone else viewing?

This post ended up being modified by mdpowers55 two years ago

  • 117 months
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I was thinking it absolutely was an episode that is good well. I’ve for ages been associated with the opinion that payday financing ended up being sleazy as fuck. Its lending that is predatory specifically the indegent. Scott Tucker personified the slimy snake we all envision towards the top of an enterprise that way. Wife putting on fur coats, whimpering exactly how the FBI is “ruining their life” wheeling recreations vehicles away from that douches mansion. The mindset that most users of the Tucker camp had through the episode had been nauseating. Bad fella, if he is having difficulty making ends satisfy from then on 1.3 billion buck settlement perhaps they can run right down to fast cash plus and acquire an advance at 400per cent.

Yeah, We have it. If he wasn’t a fancy pants race car driver with his mansion and Ferraris, would the FBI have gone after him as hard as they did like I said? Would he be described as a documentary at this time? I wonder if there’d have been a difference if he bought a cheap race car, lived in a sensible house, and put the rest of the money in a nice index fund?

Needless to say spend loans are sleazy as fuck day. You realize that. I understand that. It astonishes me personally that everybody does not realize that.

  • 117 months
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Yeah, it is got by me. Like we stated, if he had beenn’t a fancy pants battle vehicle motorist along with his mansion and Ferraris, would the FBI went after him as difficult as they did? Would he be described as a documentary at this time? I wonder if there’d have been a difference if he bought a cheap race car, lived in a sensible house, and put the rest of the money in a nice index fund?

Needless to say pay loans are sleazy as fuck day. You realize that. I understand that. It astonishes me personally that everybody doesn’t realize that.

Id argue that things would not be much different if he weren’t a racecar motorist. The man would not have must be a racecar motorist for me personally to savor the episode. But inaddition it ties to the variety of individual he could be. Would a smart guy have skirted the guidelines that way? Bought the mansion and cars that are flashy?

I do believe the weblink it simply requires a kind that is special of to determine to go fully into the pay day loan business anyway, he may just have now been the flashiest of these.

I do not get exactly just how its also appropriate to supply loans like this, in the event that you desired to clean the industry youd up have to cap interest levels and costs you might charge to those bad hopeless individuals. BIG NATIONAL REGULATION. 11!1!! Queue Spinebender to chime in and reveal that its infringing regarding the payday loan providers personal freedom to tear down the indegent by the millions.

  • 41 months
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Watched the Valeant episode I knew associated with the cost gouging not that their MO was to cut R And D right down to almost absolutely absolutely nothing. Had been interesting to see Ackman get exposed pretty poorly from the side that is long of stock

There clearly was a good doc on him called Betting on Zero which chronicles shorting Herbalife to his battle

That call was got by him incorrect too. Super smart man who made a few terrible choices for their investors

Many thanks for the relative heads through to the series

  • 117 months
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Id argue that things would not be much different if he were not a racecar motorist. The man would not have must be a racecar motorist for me personally to savor the episode. But it addittionally ties in to the type or style of individual he could be. Would a guy that is sensible skirted the guidelines like this? Bought the mansion and cars that are flashy?

I believe it simply requires a kind that is special of to decide to go fully into the cash advance business anyway, he might just have already been the flashiest of those.

I do not get exactly exactly how its also appropriate to supply loans that way, if you wished to clean the industry youd up only have to cap rates of interest and costs you might charge to those bad hopeless people. BIG NATIONAL REGULATION. 11!1!! Queue Spinebender to chime in and inform us that its infringing regarding the payday loan providers liberty that is personal tear down the indegent because of the millions.

See, this is where my inner Libertarian kicks in and claims, “Hey, borrower beware!” But until youare going to somehow implant a monetary cleverness and obligation chip into every resident’s neck, which is not likely the best approach.

We examine a summary that is financial of price of those loans. I do not understand if i will think it is – if i could I’ll connect. But because of the price of standard, the full time invested processing, etc. it needed a interestingly high rate of interest for the lending company which will make hardly any money. Not as much as what Tucker had been billing, certain, yet still greater than i might have very first idea. The issue is that the mortgage quantities are incredibly low. You loan some numskull $100 so he is able to purchase a 6-pack of Busch Light three times before payday. After this you invest $25-30 processing the loan, re payments, etc. in the event that you cap interest too low, you may shut straight down the whole industry. Now, perhaps that’s a ok thing? But if you will find people on the market who will be then likely to whine that the “financially challenged” do not have option to get a little loan. then what.

  • 117 months
  • Articles

See, this is where my inner Libertarian kicks in and claims, “Hey, borrower beware!” But until youare going to somehow implant a economic cleverness and obligation chip into every resident’s throat, that is most likely not the approach that is safest.

We go through a economic summary of this price of those loans. I do not understand if I am able to think it is – if I am able to I’ll connect. But offered the price of standard, enough time invested processing, etc. it needed an interest that is surprisingly high for the lending company to create hardly any money. Not as much as what Tucker ended up being recharging, yes, but nonetheless greater than i might have very first idea. The thing is that the mortgage quantities are incredibly low. You loan some numskull $100 so they can obtain a 6-pack of Busch Light 3 days before payday. Afterward you invest $25-30 processing the loan, re re payments, etc. You will close down the entire industry if you cap interest too low. Now, perhaps which is a thing that is ok? But then going to complain that the “financially challenged” have no way to get a small loan if there are people out there who are. then exactly exactly just what.

See i might be ok with that industry being majorly thinned down. No chance for the “financially challenged to have a little loan”? These “small loans” are making the indegent poorer and compounding the matter. These individuals appear to manage to get thier cash it doesn’t matter what, at the least based entirely on this episode. These people were money that is just pulling of peoples records. If the owner for the business pockets 400 million while joe blow needed $500 to cover that months rent and ultimately ends up paying $1000+ the industry that is whole screw down.

I do not actually start thinking about myself to be this income that is like and wealth/wage space hawk, but this might be like some reverse robinhooding in fucking overdrive plus it type of pisses me off.

This post ended up being modified by mdpowers55 two years ago

  • 117 months
  • Articles

We thought it had been an episode that is good well. We have for ages been regarding the viewpoint that payday financing was sleazy as fuck. Its predatory lending particularly focusing on the indegent. Scott Tucker personified the snake that is slimy all envision near the top of an enterprise like this. Wife putting on fur coats, whimpering how the FBI is “ruining their everyday lives” wheeling activities vehicles away from that douches mansion. The mindset that most known people in the Tucker camp had through the episode ended up being nauseating. Bad fella, if he’s having problems making ends satisfy from then on 1.3 billion dollar settlement possibly he is able to run right down to fast cash plus and obtain an advance at 400per cent.

Predatory Lending: Last Week Tonight with .

Payday advances put an amount that is staggering of in financial obligation. They prey from the senior and armed forces solution people. They’re awful, and very hard to modify. We’ve recruited Sarah Silverman to assist spread the term on how to avoid dropping in their clutches. Relate to Final Week Tonight on line. S