[golf2014]

comparing madoff etc is not the same as salesman on mca. madoff scammed people into believing there investments were secure etc. cash adv is giving customers money. Before we go on about sales tactics etc..the lenders are as much to blame as anybody. funding a business for a 3rd or 4th position is horrid. ALso..how many lenders give contracts premature and resind offers. The mortgage crisis involved the fed govt because of Fdic.Mca isn't backed by us govt.

[John Galt]

Madoff was a fast talking salesman who cared little for his customers and was only interested in making money. Stacking has many similarities to someone with 10 credit cards. FDIC had nothing to do with the mortgage crisis, AIG did when they in effect reinsured the market with their rating when the tranches were monetized. Read "too big to fail". Any deal can fall through at the last minute. They are usually only conditional approvals.