Greedy Bastards by Dylan Ratigan

Author:Dylan Ratigan [Ratigan, Dylan]
Language: eng
Format: epub
Publisher: Simon & Schuster
Published: 2012-01-17T06:00:00+00:00

Imagine that I offered you the chance to go into business with me. Here’s the deal: we assist in the sale of a highly desirable product. So desirable, in fact, that most Americans believe they can’t live without it. Our business is to loan the buyer the money to buy the product, with an average loan of $24,000. What’s special about this business is that it can’t fail, because our buyers can’t renege on their loans. Even if they declare bankruptcy, they still owe us. They face a lifetime of damaged credit histories, and they may have their wages and tax refunds seized by the government, but we get one hundred cents on the dollar. Their employment and other choices may be impacted for decades, and their ability to compete in the global economy will likely suffer, but never mind. The best part, though, for us is that if they truly can’t pay, the government will pay us instead. We can’t lose.

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