Netflix Dirty Money series. Anyone else viewing?

This post had been modified by mdpowers55 24 months ago

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I thought it absolutely was an episode that is good well. I’ve been of this viewpoint that payday financing ended up being sleazy as fuck. Its predatory financing particularly focusing on the indegent. Scott Tucker personified the slimy snake we all envision towards the top of an enterprise that way. Wife putting on fur coats, whimpering about how precisely the FBI is “ruining their everyday lives” wheeling recreations vehicles away from that douches mansion. The attitude that most known people of the Tucker camp had for the episode ended up being nauseating. Bad fella, if he is having difficulty making ends satisfy from then on 1.3 billion buck settlement possibly he is able to run right down to fast cash plus and acquire an advance at 400per cent.

Yeah, it is got by me. Like we stated, if he had beenn’t an elegant jeans battle vehicle motorist together with his mansion and Ferraris, would the FBI went after him as difficult as they did? Would he be considered 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, I Have it. Like we stated, if he had beenn’t a fancy pants battle automobile motorist together with mansion and Ferraris, would the FBI went after him as difficult as they did? Would he be considered a documentary at this time? If he purchased an inexpensive competition automobile, lived in a smart household, and place all of those other profit an excellent index investment, We wonder if there’d have already been a positive change?

Needless to say pay loans are sleazy as fuck day. You understand that. I understand that. It astonishes me personally that EVERYONE does not realize that.

Id argue that things wouldn’t be much different if he just weren’t a racecar motorist. The man would not have must be a racecar driver for me personally to savor the episode. But inaddition it ties in to the type or types of individual he could be. Would a smart guy have skirted the guidelines like this? Bought the mansion and flashy vehicles?

I believe it simply has a unique variety of douchebag to choose to go fully into the cash advance business anyway, he may just have already been the flashiest of those.

I do not get just how its also legal to provide loans that way, in the event that you desired to clean within the industry youd only have to cap rates of interest and costs you can charge to those bad hopeless people. BIG NATIONAL REGULATION. 11!1!! Queue Spinebender to chime in and inform us that its infringing in the payday loan providers personal freedom to tear down the indegent by the millions.

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

There was a significant doc on him called Betting on Zero which chronicles their battle with shorting Herbalife

He got that call incorrect too. Super guy that is smart made a few terrible choices for their investors

Many thanks for the relative 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 inaddition it ties to the type or types of individual he could be. Would a guy that is sensible skirted the guidelines like this? Bought the mansion and cars that are flashy?

I believe it simply has a kind that is special of to decide to go fully into the cash advance business anyway, he might just have now been the flashiest of those.

I do not get just exactly how its also appropriate to provide loans that way, in the event that you desired to clean the industry youd up have to cap interest levels and charges you can charge to those bad hopeless people. BIG NATIONAL REGULATION. 11!1!! Queue Spinebender to chime in and inform us that its infringing regarding the payday loan providers liberty that is personal tear down the indegent by the millions.

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

We go through a financial summary of this price of those loans. I do not understand if i will I’ll link if I can find it. But because of the price of standard, enough time invested processing, etc. it needed a interestingly high interest for the lending company to create hardly any money. Lower than what Tucker had been charging you, certain, but nevertheless more than I would personally have thought that is first. The thing is that the mortgage quantities are incredibly low. You loan some numskull $100 so he is able to obtain 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 are going to shut along the whole industry. Now, perhaps which is a thing that is ok? 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 what.

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

We go through a summary that is financial of price of those loans. I do not understand if I am able to I’ll link if I can find it. But because of the price of standard, the full time invested processing, etc. it required a interestingly high rate of interest for the financial institution which will make anything. Not as much as what Tucker had been billing, yes, but nonetheless more than I would personally have very first idea. The issue is that the mortgage quantities are incredibly low. You loan some numskull $100 so he is able to obtain a 6-pack of Busch Light 3 days before payday. After this you invest $25-30 processing the loan, re re re payments, etc. in the event that you cap interest too low, you are going to shut along the whole industry. Now, possibly that 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 exactly just what.

See i might be fine with that industry being majorly thinned down. Absolutely no way for the “financially challenged to have a little loan”? These “small loans” are making the indegent poorer and compounding the problem. These people appear to obtain cash no real matter what, mid american title loans at the very least based entirely about this episode. These were simply pulling money out of peoples records. If the owner associated with business pockets 400 million while joe blow required $500 to cover that months lease and ultimately ends up paying $1000+ the industry that is whole bang off.

I do not actually give consideration to myself to be this income that is like and wealth/wage gap hawk, but that is like some reverse robinhooding in fucking overdrive plus it sorts of pisses me down.

This post ended up being edited by mdpowers55 two years ago

  • 117 months
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I thought it absolutely was a good episode as well. I’ve for ages been associated with 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 near the top of an enterprise like this. Wife putting on fur coats, whimpering regarding how the FBI is “ruining their life” wheeling recreations automobiles away from that douches mansion. The mindset that most people in the Tucker camp had through the episode had been nauseating. Bad fella, if he is having difficulty making ends meet after that 1.3 billion buck settlement maybe they can run right down to fast cash plus and acquire an advance at 400per cent.

Predatory Lending: Last Week Tonight with .

Payday advances put an astounding level of us citizens in financial obligation. They prey regarding the senior and service that is military. They’re awful, and extremely difficult to manage. We’ve recruited Sarah Silverman to assist spread the term on how to avoid dropping to their clutches. Relate to Final Tonight online week. S