(04-05-2024, 09:02 PM)Sneakers Wrote:

(04-05-2024, 02:43 PM)NYC4jags Wrote: I already explained all of this. 

You can hash out the semantics of business and lending ethics all you like. I don't need to do that to understand that making money off of others' misfortune is shady. 

The guy is called a loan shark by his peers in the finance world because his business model is indeed the modern day equivalent. It is legal. It is also unethical and slimy as [BLEEP]. 

Third time I've had to hash this out in this thread. 

I'll leave you guys to your echo chamber for a while. No one wants to hear a dissenting view around here. 

It's no shock that this bothers no one, though.
25 rape allegations, 80 some odd felony charges, 12 failed businesses, hush money to porn stars, and flatly stating he wants to turn the presidency into a monarchy hasn't dissuaded his cult. 
Why would owing a loan shark hundreds of millions of dollars change your mind?

And you question MY objectivity. LOL

You explained nothing and dodged every question.  Are you that afraid of the truth?  We're happy to hear a dissenting view if you can forgo the rant and present facts.

How is Hankey a "loan shark" to his peers, when they're all doing exactly the same thing, with comparable rates?

I hate to burst the ideological bubble you're sheltering in, but everybody out there in the real world is making money off the misfortunes of others.  If your car breaks down at midnight, you're going to pay more for a tow than you would at noon.  If you can't pay the water bill, the city shuts off your service and adds a reconnection fee.  Is that shady business?  

Lots of allegations, but nothing proven in a criminal court (sounds like he could be a Clinton).  Call him a scumbag if you want and I won't disagree.  

You're hung up on money to a "porn star", would you feel better if she was an ugly unknown?

As I said earlier, he had to get the bond from someone, and indebtedness is a legitimate concern.  Who's your preference, auto, oil, IT, big banks, green energy?

PS  Where can a person with good credit get some of that 5% money you said should be available for subprime purchasers?  All the banks I know are paying more than that to borrow themselves.

Donald Trump sold himself as a wealthy successful man.
Turns out he is a subprime risk though.  Does that surprise you?

As for your other questions, yes, there is a qualitative difference between a subprime lender and other lenders.  Many states have "usury laws" that prevent subprime lenders from even doing business. Usury is an old word that is found multiple times in the King James Bible. There is also a qualitative difference between porn stars and women who have not been promiscuous and have not traded sex for money.  You can read stories about that in the same place, if you didn't already know.

Conservatives used to know these things instinctually.

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