(04-05-2024, 09:25 PM)mikesez Wrote:

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

LOL.  Every time I forget how naive you are, you pop into a thread to remind me.

How do you know Hankey's firm was Trump's only option, rather than the most economical?  

Hey, what a coincidence, those are the same usury laws I learned about in economics and business law classes.  Sorry to tell you that you're once again incorrect.  They don't "...prevent subprime lenders from even doing business."  Usury laws specifically limit the rate of interest a lender can charge, whereas "subprime" is a general reference to borrowers of below average credit score.  Subprime lenders are free to loan at any rate not more than state limits to any borrower.  The repo rate in subprime however, is 30% and nobody loans to subprime customers at the same rate as borrowers with good credit, because it's simply not profitable.

Sounds like you didn't get much of an education in college..............not all of us found promiscuous coeds to be undesirable.   

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