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IMZ (OP)
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Activity: 1498
Merit: 1000
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May 23, 2017, 01:08:19 AM Last edit: May 23, 2017, 08:02:54 PM by IMZ |
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'Santander Consumer USA Holdings Inc., one of the biggest subprime auto finance companies, verified income on just 8 percent of borrowers whose loans it recently bundled into $1 billion of bonds, according to Moody’s Investors Service. The low level of due diligence on applicants compares with 64 percent for loans in a recent securitization sold by General Motors Financial Co.’s AmeriCredit unit. The lack of checks may be one factor in explaining higher loan losses experienced by Santander Consumer in bond deals that it has sold in recent years . . . ' https://www.bloomberg.com/news/articles/2017-05-22/subprime-auto-giant-checked-income-on-just-8-of-loans-in-absThis is a giant Government-approved scam, readers: No-Hoper Guy promises blah blah blah. Biggie Corp gives No-Hoper Guy a car. No-Hoper Guy defaults. The debt goes into an enormous sludge tank of bad debt. When the tank looks like bursting, the government prints money to bail Biggie Corp out -- 21st-Century economics!! And fiat currencies are bound up in it.
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IMZ (OP)
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May 23, 2017, 09:06:46 PM |
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IMZ (OP)
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Activity: 1498
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May 24, 2017, 01:29:11 AM |
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FallingKnife
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keybase.io/fallingknife/
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May 26, 2017, 12:54:25 AM |
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The BTC unconfirmed's are wild. I've been waiting 10 days for a withdrawal to clear.
Hope you're doing well, Mark. We'd love to see you on our UNO Telegram chat.
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Nostr: npub14wk4hrq6atlq020c7r6eyylpu9gjukyqzafzxu6u80unqfrplq9qhtx8sy
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IMZ (OP)
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Activity: 1498
Merit: 1000
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May 26, 2017, 02:54:12 AM |
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The BTC unconfirmed's are wild. I've been waiting 10 days for a withdrawal to clear.
Hope you're doing well, Mark. We'd love to see you on our UNO Telegram chat.
Lordee Lordee -- 10 days! And let me check out the Telegram thing, F.K. I try to spend most of my time reading up on the GFC.
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IMZ (OP)
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Activity: 1498
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May 27, 2017, 06:05:14 AM Last edit: May 27, 2017, 08:53:10 PM by IMZ |
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Memo from the Night Shift
Wheee! Japan and Korea (and India) are the ‘Asian trading-zone’ – which includes Western Australia.
We’re avidly following events here: KRW volume; Korean banks shut for the weekend; are military tensions on the peninsula really driving adoption to some degree?
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KingScorpio
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May 27, 2017, 09:38:39 PM |
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decentralised liquidity exchange that is a good name it truly says what it is all about
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IMZ (OP)
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Activity: 1498
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May 28, 2017, 04:08:07 AM |
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Crypto Political Guy (me) recently said: 'When an empire really starts going bad, it cranks out bulk regulations that it can't enforce.' So, fast forward to this morning's Cointelegraph: to 'manage . . . cryptocurrency concerns [like wannacry]' ' . . . compiling the application includes extensive paperwork, which may require legal and other outside services as well as many hours of work (which reportedly may result in a total expense between $50,000 to $100,000), making it challenging for smaller companies and startups to apply for the license. The Bitlicense includes several obligations including hiring a compliance officer, consumer protection, anti-money laundering (AML), cyber security, business continuity, disaster recovery and capital requirements.' https://cointelegraph.com/news/in-wake-of-global-cyberattacks-calls-for-bitlicensing-grow How will this stop Wannacry Guy? Well, Mr. Bureaucracy will get a late-Friday-evening phone call from the cyber-security officer of WeAren'tCyberTerrorists Inc. In a frantic whisper, Ms. Cybersec will convey that her boss, in the corner office at the end of hall, is Wannacry Guy!! Mr. Bureaucracy will then rifle through the files on his desk, find the forms that list W.A.C.T.'s street address, and within minutes, the black helicopters will be on their way.
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IMZ (OP)
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May 28, 2017, 05:54:34 AM |
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