B.C. by Mastroianni and Hart for November 16, 2019

You could use your cave for collateral.

Use your wheel that you invented and when he wants to buy one, triple the price.

The bank wants to help you get out of debt. How? It wants to loan you money..

Sure you can get a loan…just stay away from everyone else!

as in Janet S. Jones!!! Holy cow. whats the chance?

Years ago I needed a short term $5000 loan. At the time the Bank rate was roughly 5% and they suggested I take a cash advance at 19.9% instead. When I pulled my mortgage and account they couldn’t understand why.

Nope, nada, NOOOOO!

The first rule for getting a loan is that you have to prove that you don’t need it.

There was one year where I kept track of all the credit card offers I was getting in the mail. In today’s dollars terms I think it would have come out to about a quarter million dollars.

I am in the fortunate position NOT to have credit card debt. So if I just took the ones without annual fees, my credit rating would be more than perfect.

It takes money to make money. Will that work for borrowed money?

“Can I get a loan?”

“Not without Collateral.”

“What is collateral?”

“Something that the bank can SEIZE when you slip up one iota, and fail to pay our Insanely high, Loan Shark Interest rates during the course of the next next 30 years.”

Actually, that’s called a “purchase money mortgage” — very common is our society. Buting a car or any major purchase is often handled the same way.

“Oh the shark, babe, has such teeth, dear And he shows them pearly white Just a jack knife has Mac Heath, dear And he keeps it out of sight”

From the late, very great Bobby Darin.. .

old saw: banks only loan money to people who don’t need loans

There’s always a catch!

Sure.

“Can I borrow money?”

“Not without a credit history.”

“How do I get that?”

“You have to borrow money.”

“…”

You need money to make money. I hate that.

Of course you can Deutsche Bank.

It.. is how most rich folk got that way. Rule #1 is to never use your own money.

If I vote for your side, will that be co-lateral enough?

During the decade before 2008, an ingrown little toenail was enough.

Well, you can out a loan to buy a car (wheel, in this case), which becomes collateral for the loan, so yes, in a sense, you can. However, you can’t use the wheel as collateral for another loan until you have that one paid off…

BC should go on the offense here, and start asking Peter serious banking questions about his bank. Like, what are the banks’s assets? Are they FDIC insured? ( Obviously not). What happens if Peter’s bank folds? Why should I use YOUR bank, instead of a competitor?

derivatives explained

“Yep! Just walk over that way by yourself, and you will get alone.”

Loans can be tricky especially when you have no economy to speak of using terms out-of-date from your situation. (The far future post apocalyptic times-A.G.W.)

The answer to that is Yes.

Can I buy a vowel?