Sorry, you’re wrong, you just don’t understand our financial system at all.

Lenders do lose money; this article represented a handful of instances where the loans went badly and the lender was able to garnish wages.

There still are usury laws.

It’s a cyclical problem beginning with the latter part of your statement. Anyone can throw out an anecdotal tale of how they know a poor person who is lazy, feckless, etc., but the fact of the matter is that it’s just not true for the majority of impoverished Americans. They are simply set up to fail by a system…

Poor/under-educated people not having financial literacy because they weren’t taught it and then making poor decisions is not natural selection.

The rates for sub-prime lending are high because of the risk inherent in lending money to those with sub-prime credit. You can’t artificially restrict sub-prime interest rates, because then no one will lend to sub-prime borrowers.

You can buy them already swapped for high teens, low 20s. A swap will cost a decent bit (probably 8-10k all-in), but you can pick up a blown transmission RS6 for under $10k nowadays.

Georgian/GT grad here. No dagger in my heart watching Georgia lose in the most painful way possible - I couldn’t have loved it more. No barking rednecks, no one asking “how bout them dawgs?”. Excellent.

What? Those are pretty typical used car dealer margins unless you are getting lots of trades at really low values. Like I said, I mainly do it as a side hobby because A. It allows me to avoid the ridiculous 7% tax on cars in my state and B. I enjoy driving a lot of different cars in a given year (which was killing me…

My god, a thousand times this. Can’t tell you how many people come to me saying they have “cash today” and I have to explain to them that payment type literally makes no difference in the price.

Used car dealer as a side hobby here. Almost everyone starts off by offering ~20% below my asking price. Most of my cars are priced, at most, 10% over the dealer auction price. Offering me $27k on a car that’s listed for $32k is a joke and a waste of my time.

Shorts aren’t creating fake news and don’t destroy companies. Markets are efficient and shorts keep them that way.

Yes, the underlying fundamentals of Tesla are incredibly weak - the stock would be tanking if it weren’t for Elon Musk committing securities fraud in order to artificially prop the price up. They lost $900MM in Q1 and $720MM in Q2, but he claims that they will be profitable in every quarter going forward. Between Elon…

“A good quarter” = ($3.06) EPS?

Okay, Elon.

Massa was an intentional crash (Singapore), 3 laps more on an ailing engine (Hungary), or Timo Glock holding it together for 1 more corner (Brazil) away from winning the WDC. Yes, after his accident in 2009, he wasn’t the same driver, but he was still a great talent. He outscored Kimi pretty soundly over the 2.5 years…

You’re the first person in this entire comment thread who gets it.

You don’t know anything about short sales. “People” who make stocks available to short are generally long-term, institutional investors, and they are paid fees by the organizing short broker for doing so.

Why is he considering taking Tesla private? Because he enjoys committing securities fraud, of which this is just another example.

B7 Audi RS4