6 ms·
Our Lord and savior, the banks, won't lease again to those bad men at the retail companies
by dencodev 6y ago
Our Lord and savior, the banks, won't lease again to those bad men at the retail companies
- Nasrudith 6y agoWe saw that shift before - bankruptcy used to be more of a scar for life on credit instead of essentially vanishing in seven years. Going all "scarlet letter" made less money than defecting and accepting redemption which reflected closer to actual risk levels compared to some spiteful imaginary idea of "fairness" or "virtue". It is part of what made the social credit's justification such a laughable lie. We did away with honor based lending centuries ago and got better results both fiscally and morally from banks! When was the last time you saw someone engage in a murderous duel over credit rating?