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Re: Other types of loansharking
[Re: Njein]
#993692
07/11/20 10:24 PM
07/11/20 10:24 PM
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Joined: Jun 2015
Posts: 847
Neo
Underboss
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Underboss
Joined: Jun 2015
Posts: 847
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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%.
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Re: Other types of loansharking
[Re: Neo]
#993694
07/12/20 02:11 AM
07/12/20 02:11 AM
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Joined: Jan 2018
Posts: 238
WhackWhack
Made Member
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Made Member
Joined: Jan 2018
Posts: 238
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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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