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.
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.