Comparing mortgage companies to the mafia is a little unfair if you ask me. Dealing with one, you run the risk of being taken advantage and getting screwed financially in a deal. However, a mortgage company is a cold heartless demon which would have no issue destroying your life for a few extra dollars.

sprawl15: Clearly, we need to repeal Dodd-Frank to ensure things like this can't happen.

You don't think the mortgage originator should verify the consumers ability to pay?

mrshowrules: sprawl15: Clearly, we need to repeal Dodd-Frank to ensure things like this can't happen.

You don't think the mortgage originator should verify the consumers ability to pay?

it's really the only way to bring a little certainty to the market.

thomps: mrshowrules: sprawl15: Clearly, we need to repeal Dodd-Frank to ensure things like this can't happen.

You don't think the mortgage originator should verify the consumers ability to pay?

it's really the only way to bring a little certainty to the market.

Maybe he supports it like Jon Huntsman. Huntsman thinks it should be repealed and goes on to list all the provisions it should be replaced with (which are identical to what is in it today). I think the GOP platform on this should be re-titling it. Call it the Hard-Boehner or something.

Nicodemo S. Scarfo Jr. - also known as "Nick Promo," "Mr. Apple" and Mr. Macintosh"

So, he's like a made fanboi?

sprawl15: mrshowrules: thomps: mrshowrules: sprawl15: Clearly, we need to repeal Dodd-Frank to ensure things like this can't happen.

You don't think the mortgage originator should verify the consumers ability to pay?

it's really the only way to bring a little certainty to the market.

Maybe he supports it like Jon Huntsman. Huntsman thinks it should be repealed and goes on to list all the provisions it should be replaced with (which are identical to what is in it today).

Well, reducing the amount of paperwork in government is important.

and honestly, without all of these onerous and destructive government regulations, these businessmen wouldn't have had to resort to working outside of the law. democrats in power means stronger organized crime. remember that when you head into the polls.

Meh, the Mafia are the small timers. They can't compete with the big guys.

vpb: Meh, the Mafia are the small timers. They can't compete with the big guys.

Came here to say this.

12M$
That shiat is small time pocket change.

HotWingConspiracy: Really, the only downfall the mafia has is that it bribes the wrong people. They could have done this and had no worry of prosecution had they lobbied the right people.

Honestly, the difference in ethics between the Mafia and Wall street today is vanishgly small. both reward sociopaths who seek to enrich themselves and are completely unconcerned about the long-term or wider consequences of their actions. The big Wall-street firms probably draw the line at breaking somebody's kneecaps as a sales/collection tool, but that's just about it.

I'd rather do business with the mafia than most banks.

dudemanbro: I'd rather do business with the mafia than most banks.

When I managed contractors I had more than one that made a mistake of taking out a payday loan. When I was in law school, One of my crim law clinic partners was an actual ex-made member of Chicago's Outfit (yes, apparently, on rare occasions you can manage to have the titles of "ex-member" and "still breathing" simultaneously)

I learned that the average mob loan shark is WAY more decent and offers far better terms than the average payday loan place (at least one charges and APR that works out to 986%)

The Mafia and the banks are a lot more alike then they would want to admit.

"Oh, your house burnt down? Fark you, pay me"
"Oh, you lost your job? Fark you, pay me."
"Oh, your wife got cancer? Fark you, pay me."

Of course, some banks are so ruthless, they make the Mafia look good. The Daily Show - Make It Rain (new window)