patrick.net

HeadSet says

Misc says

Banksters and car Dealers taking advantage of suckers. The politicians bought off to allow the grift.

Somalis are weak sauce in the Fraud arena.

Car dealers taking advantage of "suckers" is not fraud nor grift. The customers know exactly how bad a deal it is and do not care. For example, the title loan paperwork explicitly points out that the $1200 loan is at 92% and the borrower will end up with payments totaling about $7,000. The customer for these arrangements are short sighted clowns who do not care about the future as long as they can have the car or money right away. The clown's horrendous credit is why the only agencies that will loan them money are the usury specialists. By the way, politicians do not "allow grift," they collect grift.

I disagree.

Much like traffic laws with only civil penalties and no criminal penalties only encourage wanton lawlessness….theres multiple parts of Los Angeles where red lights are advisory at best….shit loans only available to shit people encourage buying cars regardless of cost, making one or two payments, and then playing dodge the repo man for as long as possible.

Now how the dealers and loan companies profit from this? I really haven’t figured that part out.