Netflix Dirty Money series. Anyone else viewing?

Netflix Dirty Money series. Anyone else viewing?

This post had been 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 viewpoint that payday financing had been sleazy as fuck. Its predatory financing particularly focusing on the indegent. Scott Tucker personified the snake that is slimy all envision towards the top of an enterprise that way. Wife putting on fur coats, whimpering on how the FBI is “ruining their everyday lives” wheeling activities automobiles away from that douches mansion. The mindset that every known users of the Tucker camp had through the entire episode was nauseating. Bad fella, if he is having problems ends that are making from then on 1.3 billion buck settlement perhaps they can run right down to fast cash plus and obtain an advance at 400%.

Yeah, it is got by me. 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 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 day loans are sleazy as fuck. 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. 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 day loans are sleazy as fuck. You realize that. I understand that. It astonishes me personally that EVERYONE does not realize that.

Id argue that things would not be much different if he were not a racecar motorist. The man would not have would have to be a racecar motorist in my situation to take pleasure from the episode. But it addittionally ties to the type or sort of individual he could be. Would a smart guy have skirted the guidelines like this? Bought the mansion and cars that are flashy?

I do believe it simply requires a unique variety of douchebag to choose to go in to the pay day loan business anyway, he might just have already been the flashiest of those.

I approved cash do not get exactly how its also appropriate to supply loans that way, in the event that you wished to clean up the industry youd simply have to cap rates of interest and charges you might charge to those bad desperate individuals. BIG NATIONAL REGULATION. 11!1!! Queue Spinebender to chime in and reveal that its infringing in the payday loan providers personal liberty to rip down the indegent because of the millions.

  • 41 months
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Viewed the Valeant episode we knew associated with cost gouging not that their MO was to cut R And D down seriously to almost absolutely absolutely nothing. Ended up being interesting to see Ackman get exposed pretty poorly in the side that is long of stock

There 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 his investors

Thank you for the 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 take pleasure from the episode. But it addittionally ties in to the type or sort of individual he could be. Would a guy that is sensible skirted the guidelines that way? Bought the mansion and fancy automobiles?

I do believe it simply takes a unique sort of douchebag to determine to go fully into the pay day loan business anyway, he might just are the flashiest of those.

I do not get just just exactly how its also appropriate to provide loans that way, in the event that you wished to clean the industry youd up just have to cap rates of interest and costs you might charge to those poor hopeless people. BIG NATIONAL REGULATION. 11!1!! Queue Spinebender to chime in and inform us that its infringing regarding the payday lenders personal freedom to tear down the indegent because of the millions.

See, this is where my internal Libertarian kicks in and states, “Hey, borrower beware!” But until youare going to somehow implant an economic cleverness and duty chip into every resident’s throat, that is most likely not the best approach.

We go through a summary that is financial of price of those loans. I do not understand if i will think it is – if I am able to I’ll link. But provided the price of standard, enough time invested processing, etc. it required a interestingly high rate of interest for the lending company which will make anything. Not as much as what Tucker had been recharging, yes, but nonetheless more than i might have thought that is first. The issue is that the mortgage quantities are incredibly low. You loan some numskull $100 so they can purchase a 6-pack of Busch Light three times before payday. After this you invest $25-30 processing the loan, re re payments, etc. in the event that you cap interest too low, you can expect to shut straight down the entire industry. Now, perhaps which is a okay thing? But if you will find people on the market who are then planning to whine that the “financially challenged” haven’t any solution to get a little loan. then exactly just what.

  • 117 months
  • Articles

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

We go through a economic summary for the price of those loans. I’m not sure if i will believe it is – if I am able to I’ll connect. But offered the price of standard, enough time invested processing, etc. it needed a interestingly high rate of interest for the lending company to produce anything. Significantly less than what Tucker ended up being charging you, yes, but nevertheless greater than i’d have thought that is first. The thing is that the mortgage amounts 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 payments, etc. in the event that you cap interest too low, you are going to shut straight down the whole industry. Now, possibly which is a okay thing? 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 just just what.

See i might be ok with that industry being majorly thinned down. Not a way for the “financially challenged to have a tiny loan”? These “small loans” are making the indegent poorer and compounding the problem. These individuals appear to manage to get thier cash regardless of what, at the very least based entirely about this episode. They certainly were money that is just pulling of peoples reports. As soon as the owner of this business pockets 400 million while joe blow needed $500 to cover that months lease and eventually ends up paying $1000+ the industry that is whole screw down.

I do not actually think about myself to be this love income inequality and wealth/wage gap hawk, but that is like some reverse robinhooding in fucking overdrive and it also variety of pisses me down.

This post had been modified by mdpowers55 two years ago

  • 117 months
  • Posts

We thought it absolutely was a good episode as well. I’ve for ages been regarding the viewpoint that payday financing had been sleazy as fuck. Its lending that is predatory specifically the indegent. Scott Tucker personified the snake that is slimy all envision towards the top of an enterprise that way. Wife fur that is wearing, whimpering exactly how the FBI is “ruining their everyday lives” wheeling activities vehicles away from that douches mansion. The mindset that all people in the Tucker camp had through the episode ended up being nauseating. Bad fella, if he is having problems making ends satisfy from then on 1.3 billion buck settlement perhaps he is able to run right down to fast cash plus and obtain an advance at 400%.

Predatory Lending: Last Week Tonight with .

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

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