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To: C. Edmund Wright
I guess they rely on seizing the collateral. This explains why they are far more likely to lend big sums than small sums, and far more likely to lend to people who are struggling than to people who pay back on the nail every month.

Its a very bad sign when honest and stable borrowers are treated worse than delinquents and wasters.

45 posted on 07/05/2015 5:09:27 PM PDT by Vanders9
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To: Vanders9
Its a very bad sign when honest and stable borrowers are treated worse than delinquents and wasters.

Well that's happened in this country - who is who in the Greek issue in your opinion?

47 posted on 07/05/2015 5:59:06 PM PDT by C. Edmund Wright
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To: Vanders9

>>I guess they rely on seizing the collateral

No. What they’ve been relying on was being able game the gray area between what technology allowed and what the legal system has identified as destructive and thus prohibited.

Got Derivative A$$Paper?

It’s like a Ponzi scheme.


52 posted on 07/06/2015 8:13:37 AM PDT by HLPhat (This space is intentionally blank.)
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