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Re: Street Loan Sharks v. Payday Loans
[Re: BennyB]
#900140
11/30/16 03:24 PM
11/30/16 03:24 PM
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Joined: Jan 2012
Posts: 1,187 ne philly
merlino
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jesus quintana
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jesus quintana
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Joined: Jan 2012
Posts: 1,187
ne philly
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The difference is, one pays the government taxes and one doesn't i was interested in this because a NY Post article of a persico son being convicted for being a loanshark....so i looked into the "legal" payday banks that can charge up to 400% interest on your few hundred $$ loaned out....and the shady thing about these "regulated" industries in some of these "banks" loansharks on Indian reservations, meaning, I am not sure they pay the govt anything....its basically these wall st guys who give the tribes 5-10% of the cut to put a bank on the reservation and then lobbyist pay congress to keep them going whoever said the real crooks are in DC is 100% right....what a scam.... and im not saying what the mafia does is right, but it seems hypocritical to go after loan sharks on the streets of s philly when the govt is allowing this to go on with monetll williams as the face of the industry
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