Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

marble falls

(72,451 posts)
4. My folks were bankers and one time I was asking about car loans and asked why they didn't OK just about ...
Thu Mar 21, 2024, 11:39 PM
Mar 2024

... any car loan request because if the loan isn't paid, they'd just repo it and sell it. My dad said, "because we aren't in the business of repoing or selling cars or houses. We're in the money business. Our only concern is moving money.

Besides, bankrupts aren't good risks. The requirement is for a dearer collateral - negotiable bonds, bearer bonds, cash, CoDs, 40 Wall street is not the asset TFG says it is, he does not own it.

Recommendations

4 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»Why isn't a lien against ...»Reply #4