Well, you can't blame them. If the banks did lend and do promotions and what not, then they would be criticized and beaten down by Barney Frank Machine. So I call these enterprising individuals taking advantage of the regulated market by providing an alternative. Kudos!

Youse gotta problem wif businessmen tryin' ta make some money subby? Eh? What are ya, some kinda socialist? Get tha fark outta here!

Headline strikes gold. From now on people using those stupid, tired 'memes' in the headlines should be kneecapped.

Nice to see capitalism remains alive and well.

chemical_angel: Headline strikes gold. From now on people using those stupid, tired 'memes' in the headlines should be kneecapped.

Seconded.

I for one, want to open a cement business on the east coast here. With all this new construction coming our way, I see this as an opportunity to create new jobs that will help this country rebuild the crumbling infrastructure...........anyone want to go in with me?
/kneecaps not kneended

AlwaysRightBoy: I for one, want to open a cement business on the east coast here. With all this new construction coming our way, I see this as an opportunity to create new jobs that will help this country rebuild the crumbling infrastructure...........anyone want to go in with me?
/kneecaps not kneended

I'll start a partnership with you as long as you can provide me sizing information in both U.S. and European sizes. Some of my clients just emigrated here and will need a good selection.

tonesskin: AlwaysRightBoy: I for one, want to open a cement business on the east coast here. With all this new construction coming our way, I see this as an opportunity to create new jobs that will help this country rebuild the crumbling infrastructure...........anyone want to go in with me?
/kneecaps not kneended

I'll start a partnership with you as long as you can provide me sizing information in both U.S. and European sizes. Some of my clients just emigrated here and will need a good selection.

I thought it was one size fits all......55 gal drum.

The thing that sticks out in my mind is the Mafia seems to be upfront about the costs. You're taking X amount of money. They're charging Y amount of interest. Nobody's being forced to take the loan, people are finding them. It's not like the mob is going from door to door trying to convince people to take out loans.

If you take the loan, you either pay it back with insane interest, or they take your thumbs. Or, and this is the key thing, you can just not take a loan from the loan shark.

RodneyToady: If you take the loan, you either pay it back with insane interest, or they take your thumbs. Or, and this is the key thing, you can just not take a loan from the loan shark.

How unAmerican of you! You are saying I can avoid buying a house I can't afford or having the latest electronics? You are probably the same kind of loser who doesn't believe that when I do these things that the government should step in and help me out.

RodneyToady: If you take the loan, you either pay it back with insane interest, or they take your thumbs. Or, and this is the key thing, you can just not take a loan from the loan shark.

if i could find a loan shark that would take my pinkies instead of my thumbs, i'd be rich

As the owner of a small olive oil importing business in Long Island, this is great news.

Shostie: As the owner of a small olive oil importing business in Long Island, this is great news.

Can you hook me up with a small Brutus or Jeep? I always hated Olive Oil.

chemical_angel: Shostie: As the owner of a small olive oil importing business in Long Island, this is great news.

Can you hook me up with a small Brutus or Jeep? I always hated Olive Oil.

He probably could, but you'd have to pay him by Tuesday.

As an Italian-American from northern Jersey, I'm really getting a kick out of these replies.

/srsly

Re: the headline, it's not exactly change if it's been in the works for 8 or so years.

In Italy. For a second I got all exciting thinking I could get a loan.

Mr. Gunn: Re: the headline, it's not exactly change if it's been in the works for 8 or so years.

But...but...Clinton Bush!

AlwaysRightBoy: chemical_angel: Shostie: As the owner of a small olive oil importing business in Long Island, this is great news.

Can you hook me up with a small Brutus or Jeep? I always hated Olive Oil.

He probably could, but you'd have to pay him by Tuesday.

He should probably wait until Saturday. That's when my daughter is getting married to some jerk-off who will ultimately betray me to the Barzinis.

I can just see some knuckle dragger named Nick talking about collaterizing his loans, and selling them off in tranches to investors. Amazing, after a little chat with the guy from Moodies, they all have AAA ratings.

Its_A_Tarp: As an Italian-American from northern Jersey, I'm really getting a kick out of these replies.

/srsly

I used to date Donna Ippolito from Ippolito Carting.
/from north Jersey...........yo
//very nice family.......I swear

I can just see some knuckle dragger named Nick talking about collaterizing securitizing his loans, and selling them off in tranches to investors. Amazing, after a little chat with the guy from Moodies, they all have AAA ratings.

Its still early.

Loan sharking is vig business.

My younger son graduated from college recently and got a job. He recently got a raise. He direct-deposits into a bank that holds a credit-card for him on which he owes 5K$. They just upped his interest to 30% annually. He figures they think he can afford it. In ways, these guys seem worse than the mob.

I shoulda broke your thumbs!

... and, because you're my friend, I'll only charge you 2 points a week.

AlwaysRightBoy: I'll start a partnership with you as long as you can provide me sizing information in both U.S. and European sizes. Some of my clients just emigrated here and will need a good selection.

I thought it was one size fits all......55 gal drum

Imperial or Metric gallon?

/I don't know
//ARRRGGHHHhhhhhhh!!!!

signaljammer: My younger son graduated from college recently and got a job. He recently got a raise. He direct-deposits into a bank that holds a credit-card for him on which he owes 5K$. They just upped his interest to 30% annually. He figures they think he can afford it. In ways, these guys seem worse than the mob.

Yep, some people make stupid decisions regarding finance. Link (new window)

signaljammer: In ways, these guys seem worse than the mob.

Why do you hate free markets?

/approves

Well, in my son's defense, he was attending NEIU. They have low tuition but are notorious for finding one way or another for tacking on an extra semester. This happened to him and he found himself having to survive an extra five months outside of his planning. He is resolved to paying this down as swiftly as possible through abandoning about 95% of his discretionary income for the next few months. Thirty-percent annual interest seems to be on the brink of usury to me. Guess he'll have to make sad-eyes to me another time, and then I will cut him a loan.

//Not hatin',
//just sayin'.

AlwaysRightBoy: Its_A_Tarp: As an Italian-American from northern Jersey, I'm really getting a kick out of these replies.

/srsly

I used to date Donna Ippolito from Ippolito Carting.
/from north Jersey...........yo
//very nice family.......I swear

Yo is my most frequently used word. It is almost as versatile as "dude" and can be used in a multitude of situations...

Grunhilde Gonzalez
signaljammer: My younger son graduated from college recently and got a job. He recently got a raise. He direct-deposits into a bank that holds a credit-card for him on which he owes 5K$. They just upped his interest to 30% annually. He figures they think he can afford it. In ways, these guys seem worse than the mob.
Yep, some people make stupid decisions regarding finance. Link

How is that link about payday lenders relevant to that post except in a lame attempt at a sanctimonious snark?

It's a stupid blog any way, and I've seen it ridiculed on Fark before, and not just by me.


Note: actual economists put their qualifications in the 'about' page of their blog. If there's no mention of any, it can safely be assumed it's because there aren't any.

That's infamia.

When the Mafia starts competing: you win! Go to mafialendingtree dot com

Borrowing from the mob sounds more honest and reasonable than some of our lending institutions these days.

Around here our loan sharking is all on the up and up. They do it as payday lenders. I think their rates are probably worse than the mob rates. Don't know about breaking kneecaps on missed payments, the payday lenders tend to go for indentured servitude instead.

This guys knows about paying loans late.

Loan sharks have better terms than many credit cards, they're certainly better than pay day loans, and they actually have ethics unlike banks.

Bohemian: Borrowing from the mob sounds more honest and reasonable than some of our lending institutions these days.

The anarcho-Libertarians would agree with you:

Mafia Movies (new window)

Ah, anarcho-Libertarianism, where the Mafia is just a group of honest businessmen who provide goods and services denied them by the evil government, where government officials, even the pacifists, only accomplish things through violence.

/wingnut

So does this mean that the 10% unemployment in The Mafia State (RI) is really a false number? =P

What do you expect? OBAMA is from Chi-town yo!

tonesskin: If the banks did lend and do promotions and what not, then they would be criticized and beaten down by Barney Frank Machine.

Barney Frank runs the banks in Italy, too?

approves

Link (new window)Ted Kennedy is against Payday loans because the entire Kennedy Family is a thuggish mafia family. This and the billions bank lobbyist give our representatives a years is the only reason why Payday loans are being targeted.

theMightyRegeya: Bohemian: Borrowing from the mob sounds more honest and reasonable than some of our lending institutions these days.

The anarcho-Libertarians would agree with you:

Mafia Movies (new window)

Ah, anarcho-Libertarianism, where the Mafia is just a group of honest businessmen who provide goods and services denied them by the evil government, where government officials, even the pacifists, only accomplish things through violence.

/wingnut

Ironically, we have a pretty noisy contingent of people who think that would be a utopia and are demanding we undo our govt. and close the public schools. They don't get very far though, they keep getting popped for not paying their taxes.

Anybody stupid enough to borrow money from loansharks or those payday loan companies deserves what happens if they can't pay it back.

I predict the crumbling economy will be the thing that legalizes marijuana as it will be taxed heavily.

DrinkDifferent: I predict the crumbling economy will be the thing that legalizes marijuana as it will be taxed heavily.

There are serious proposals in California to do just that ...

You really get better terms until you dont pay what you owe.