[CreditGuy]

It's not just this deal. It is your history of being uneducated, uninformed, dishonest, and just plain smarmy. That you agreed to UW the deal demonstrates that you were, on some level, okay with the stacking this merchant out to a 7th position. At some point, you should develop some personal and professional ethics. They will serve you much better in the long than your current approach, which based on what I have observed, is immature, greedy, and ignorant.

[ADiamond]

It's not just this deal. It is your history of being uneducated, uninformed, dishonest, and just plain smarmy. That you agreed to UW the deal demonstrates that you were, on some level, okay with the stacking this merchant out to a 7th position. At some point, you should develop some personal and professional ethics. They will serve you much better in the long than your current approach, which based on what I have observed, is immature, greedy, and ignorant.

CreditGuy, I can always count on you. Is that your professional psychological analysis of me? What is that, your second profession, aside from holding "an executive position in a top five funding company?" Well thank you for leaving your throne and coming down from credit heaven for a second where they only have 1.12 buy rates and 36 month terms to comment on my peasant situation.

You know what the problem is? This type of thing happens every day in this industry and everyone is too scared to admit that if they could sell a deal like that they'd be laughing all the way to the bank. The number one rule that you all forget is NO MERCHANT IS LOYAL, AND EVERY MERCHANT KNOWS EXACTLY WHAT THEY ARE DOING. YOU TELL THEM YOUR CONTRACT HAS A NO STACK CLAUSE? THEY GO AND STACK. Creditguy, your company pays off three positions to have first, the same rep that brought you the deal goes and triple dips on commissions and PSF's and puts the merchant back in the same exact situation that you tried to help him crawl out of.

You think as an underwriter, I take reps deals that are brought to me and say "Hey merchant, you know what? HAHA your rep ripped you off like crazy on this, what are you nuts signing to these terms?"

No, that's not what I am here for. I am here doing my job in this big cluster **** of sub-prime just like the mortgage brokers of yesteryear, watching it all unfold. And you know what? I don't care. I really don't - I am in a position where I see fraud and merchants prey on funders more than you even know exists. I dont feel sorry for them, and why should you? If rep A doesnt close the 1.40 6 month second position, Rep B will come and get it done, then stack a 1.49 4 month on top of that three times over.

You guys act like it doesnt happen every day, or oh I'm sorry did you not want to speak on it and just pretend like you're all helping merchants advance their business?