I believe it was DJT himself who said "if you owe the bank $10,000, the bank controls you; if you owe the bank $10 billion, you control the bank." He used bankruptcy creatively, to add a lot of value by taking predatory lenders off the backs of his acquisitions.
Fun US history facts: Bankruptcy was a significant part of the evolution of the USA's financial laws and regulations. Georgia, one of the original 13 colonies, was largely colonized by prisoners from England's debtor prisons, and they had the strongest bankruptcy laws in the US. All that before Bush 2.0 and Congress hijacked the bankruptcy laws, anyway.
Semantics. There is a difference between hard-money lenders, sub-prime lenders, ... A whole spectrum. I didn't want to get into definitions. Some of them are good. True predators are those who loan with the intent of taking the assets of the unwise, or taking advantage of wage slavery.
Most big banks have side gigs, equity interests in other companies, doing loans outside of FDIC standards.
If you leave your money in a bank at this point, you’ll get what you deserve.
I owe them 236$ dont plan on paying them. Kek they closed my account two months ago fuck the ((())) banks.
I believe it was DJT himself who said "if you owe the bank $10,000, the bank controls you; if you owe the bank $10 billion, you control the bank." He used bankruptcy creatively, to add a lot of value by taking predatory lenders off the backs of his acquisitions.
Fun US history facts: Bankruptcy was a significant part of the evolution of the USA's financial laws and regulations. Georgia, one of the original 13 colonies, was largely colonized by prisoners from England's debtor prisons, and they had the strongest bankruptcy laws in the US. All that before Bush 2.0 and Congress hijacked the bankruptcy laws, anyway.
"predatory lenders" -- lenders that make loans to people the big banks shun.
Semantics. There is a difference between hard-money lenders, sub-prime lenders, ... A whole spectrum. I didn't want to get into definitions. Some of them are good. True predators are those who loan with the intent of taking the assets of the unwise, or taking advantage of wage slavery.
Most big banks have side gigs, equity interests in other companies, doing loans outside of FDIC standards.
😂😂😂😂