tag:blogger.com,1999:blog-8304928500646903522.post7621875253891480786..comments2024-03-28T00:11:33.489-04:00Comments on bensozia: This Time with Auto LoansJohnhttp://www.blogger.com/profile/01037215533094998996noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8304928500646903522.post-21257847156688088792015-01-27T12:31:54.842-05:002015-01-27T12:31:54.842-05:00In their eyes, Republicans aren't crazy to fig...In their eyes, Republicans aren't crazy to fight it because many of them are profiting off it.<br /><br />The Wall Street elites like having politicians who protect their loopholes, and they are willing to give such individuals a cut of the proceeds to keep the gravy train rolling.<br /><br />The politicians like having risk-free funding for their campaigning and political needs, and since they're getting their cut directly from the original lender, there's no risk - it all get foisted off on others.<br /><br />And neither party cares about a crash, because they don't stand to lose anything. Wall Street can always get themselves bailed out, and the politicians can always win more votes by spinning the crash in their favor.<br /><br />Wall Street and Washington have the same problem - instead of operating for the good of the entire country, they operate soley for the good of themselves. So long as they personally come out ahead, what do they care if they spread misery and destroy lives?G. Verlorennoreply@blogger.comtag:blogger.com,1999:blog-8304928500646903522.post-11445887538859661572015-01-27T11:36:39.263-05:002015-01-27T11:36:39.263-05:00No more rapacious than the folks who own their own...No more rapacious than the folks who own their own little used car businesses with "instant credit" that they issue themselves.<br /><br />Usorious interest rates, and the first missed payment the car is repo's-- and promptly resold to someone else. Basically, the poor saps are renting the vehicle at an exhorbitant rate, since most of them do default at some point, according to the person I know who owns/runs one such business (and has worked for others in the past).<br /><br />You need maybe $50K to start-- buy some cars at the wholesale auction, make sure they'll run till they leave the lot, and start "selling."<br /><br />The whole used car market outside major dealerships (and private sales, I suppose) is rotten.pootrsoxhttps://www.blogger.com/profile/05975929246429466067noreply@blogger.com