Posted on 12/08/2015 12:29:17 PM PST by Citizen Zed
If you aren't familiar with P2P, you might be asking yourself: "what kind of loans does Prosper make?" Well, according to their website, they arrange debt consolidation loans, home improvement loans, special occasion loans, and personal loans for business.
We're not sure which of those categories "jihadist massacre" falls under (we assume "special occasion"), but as Reuters reports, San Bernardino mass shooters Syed Farook and Tashfeen Malik, obtained a $28,500 loan through Prosper not long before killing 14 and injuring nearly two dozen in a bloody rampage last Wednesday.
One of the Reuters government sources said Farook and Malik apparently pursued a scenario previously followed by U.S.-based militants by draining their bank accounts and maxing out credit lines before embarking on what they believe to be a suicide mission, knowing that they would not have to pay off the debts.
(Excerpt) Read more at zerohedge.com ...
I’m thinking that the loan won’t be repaid. Just a guess on my part.
That’s the Muslim American Way...
Good guess!
And complies with Islamic law about interest. That’s a win-win in my book.
Had the money been spent (the new $28,500)? Anything else on their credit cards, etc., will be uncollectible.
Its peer-to-peer. My understanding is you can make a post requesting a loan and give some of the ways you intend to use the funds, but c’mon is that legally binding in any way?
No more damning on Prosper than if they had run up $28,000 of credit card debt to finance their stupid jihad. No sane person would be saying “Visa sponsors terrorism!”.
Not a whole lot here IMO, but interesting nonetheless.
I wouldn’t be surprised if there was a cosignatory providing collateral (someone like CAIR).
Certainly seems like the terrorist killers had planned to live through the killing spree. Bet they were a bit surprised when they found themselves surrounded by police and they were facing death and the bullets started to fly.
Yep. I am thinking that was their getaway cash.
We’re not sure which of those categories “jihadist massacre” falls under (we assume “special occasion”)
...
That was going to be my smart aleck remark.
You must be a racist sexist bigot homophobe!
I can't imagine why anyone would invest in unsecured signature loans.
Could be more of a laundering scheme in this case.
Farook makes up some Shark Tank-type story; presents it on the P2P website; and lo and behold, a mystery investor gives them close to 30K. I wonder if there's a way to track who loaned them the money. After all, isn't that the lesson we learned from Watergate? Follow the money.
Or SOROS...or one of his “Non-Profits”
Rush today made the point that $28,500 is close to 3 million Paki rupees (2,955,450 PKR today). The actual number is 1.49% below the round number. Could it be the counter-party is a Paki sand nazi who took a 1.5% exchange haircut?
Al-Istilah also conducted business involving the money transfer process called hawala. By its very nature, hawala allowed an individual or entity to transfer money to someone else whether as a medium of exchange in a commercial transaction or as the provision of funds by one party to another for whatever purpose without leaving a paper trail of any kind. Such a transaction takes place between intermediaries called hawaladar. Initially, someone approaches a hawaladar and advises he wants to send a sum of money to someone else in another part of the world. The first hawaladar contacts a second hawaladar in the receiving location and between the two they arrange for the second hawaladar to disburse the desired amount to the ultimate recipient. The first hawaladar is, as a result of the disbursement, indebted to the second in the amount of the sum disbursed plus any agreed upon fees. But, and this is essential to understand, no money has changed hands between the actual parties and no money has crossed international borders. The two hawaladar, who have an ongoing relationship, keep their accounts between them and will settle up in their own time and in their own way, perhaps by a purchase of goods or, frequently, by the first hawaladar simply performing a like service for the second hawaladar at some point in the future.
From my fourth novel, "Sovereign Order".
A loan? What did they use for collateral?
Can you say government bail out?
Typical muzzie behaviors— receive the benefits and return destruction as a thank you.
Jeez, I guess GoFundMe will be next site to be used for Terrorist Fundraising....or Craigslist!
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