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Other types of loansharking #993684
07/11/20 08:55 PM
07/11/20 08:55 PM
Joined: Feb 2020
Posts: 283
N
Njein Offline OP
Capo
Njein  Offline OP
N
Capo
Joined: Feb 2020
Posts: 283
Aside from the knockdown and the vigorish, are there any other types of loansharking out there employed by the Mafia?

Re: Other types of loansharking [Re: Njein] #993692
07/11/20 10:24 PM
07/11/20 10:24 PM
Joined: Jun 2015
Posts: 847
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Neo Offline
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Neo  Offline
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Underboss
Joined: Jun 2015
Posts: 847
Originally Posted by Njein
Aside from the knockdown and the vigorish, are there any other types of loansharking out there employed by the Mafia?


Loansharks will lend money to other loansharks at 1% interest per week and those other loansharks will push it out on the street at 2%-3%.

Re: Other types of loansharking [Re: Neo] #993694
07/12/20 02:11 AM
07/12/20 02:11 AM
Joined: Jan 2018
Posts: 238
WhackWhack Offline
Made Member
WhackWhack  Offline
Made Member
Joined: Jan 2018
Posts: 238
Originally Posted by Neo
Originally Posted by Njein
Aside from the knockdown and the vigorish, are there any other types of loansharking out there employed by the Mafia?


Loansharks will lend money to other loansharks at 1% interest per week and those other loansharks will push it out on the street at 2%-3%.


Correct.

Part of the Westies-Gambino alliance perks for the Westies was that the Gambinos would give the Westies $ to run a shy at 1% vig, which is the % rate the family would give their own soldiers.


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