[J.Celifarco]

These people take money when its one of those ...take the money for payroll or they are out of business ( and they still may go out of business it's a blind educated guess )

THEN when its 3 months down the road they are saying " i paid too much for it"

tough ****

You cant lend or fund into a very risky pool, people go under and then the ones who make it say...hey that cost too much

again this has what to do with regulation.. They aren't regulating us because a % of our customers are ****bags. They are regulating us because we have gotten to big to stay in the shadows and when we had an opportunity to self regulate so that the states didnt step in we did nothing. Now we have to deal with what is being done and do everything in our power to mitigate the damage that is done

[Karen37a]

again this has what to do with regulation.. They aren't regulating us because a % of our customers are ****bags. They are regulating us because we have gotten to big to stay in the shadows and when we had an opportunity to self regulate so that the states didnt step in we did nothing. Now we have to deal with what is being done and do everything in our power to mitigate the damage that is done

kevin made a comment and I was answering him



and what is had to do with regulation is

if the rate goes DOWN Funders are going to fold...add in additional compliance costs and lawyers ( i said this 2000 times on these boards already)

regulators are lawyers coming for you with the full power of the State and their deep pockets...you will never survive

for anyone to have wished this on us was crazy

if you do not understand this...that is not my concern( because you do not want to, you want to argue) . usually people have to climb up a ladder to see the view from the top

nothing wrong with it...ive just seen alot more

[Kevin Henry-Seacoast]

kevin made a comment and I was answering him



and what is had to do with regulation is

if the rate goes DOWN Funders are going to fold...add in additional compliance costs and lawyers ( i said this 2000 times on these boards already)

regulators are lawyers coming for you with the full power of the State and their deep pockets...you will never survive

for anyone to have wished this on us was crazy

if you do not understand this...that is not my concern( because you do not want to, you want to argue) . usually people have to climb up a ladder to see the view from the top

nothing wrong with it...ive just seen alot more

How do you know you have seen more than anyone else on this board? I know you claim you have on a regular basis.

I never said that rates are going down because of regulation in this tread. I said costs will go up if this is done on a state level and not federal. The cost will affect margins and in turn institutions will have to cut costs.

[Karen37a]

How do you know you have seen more than anyone else on this board? I know you claim you have on a regular basis.

I never said that rates are going down because of regulation in this tread. I said costs will go up if this is done on a state level and not federal. The cost will affect margins and in turn institutions will have to cut costs.

I was taking to HIM ( John ) not you on that comment. Stop tag teaming the conversations as usual

I said that Rates go down they are Capped ...usuary...and costs go up
period the end

you usually have 4 more people jump in at this point

Address what I posted to you or nothing at all

hese people take money when its one of those ...take the money for payroll or they are out of business ( and they still may go out of business it's a blind educated guess )

THEN when its 3 months down the road they are saying " i paid too much for it"

tough ****

You cant lend or fund into a very risky pool, people go under and then the ones who make it say...hey that cost too much

The rate has to be high enough to cover the defaults, operation expenses etc etc

And I can promise you id never put 30 million on the line( unsecured ) to get 50k back after all is said and done

You are chasing investors away

West coast jump in "karen is talking to herself"


** I am off ...Advanced Funders know what I said is true and Venture Capital and hedge funds.. ask them