[Cfairbank]

The "Wolf of Pearl Street", coming soon to a theatre near you.

Scene switches from the "new Belfort's" spiff drawing, to Jonah Hill telling everyone that will listen that there's no difference between a merchant taking a fourth position and shopping at Walmart, "it's exactly the same!!!"

This movie... will be fantastic.

[mcaguru]

The "Wolf of Pearl Street", coming soon to a theatre near you.

Scene switches from the "new Belfort's" spiff drawing, to Jonah Hill telling everyone that will listen that there's no difference between a merchant taking a fourth position and shopping at Walmart, "it's exactly the same!!!"

This movie... will be fantastic.

Carl -
Would not be surprised if that scene takes place in over 1000 companies across America a day, for 1 example i watch evrey Friday a well known restaurant/club line up 50 staff and have a rally how to service customers and maximize consumer TIPS) all across the board including Mortgage Companies to Insurance Companies, i don't see the connection to Stratton Oakmont that took 35 companies Public Syndicating Billions and then of course committing outright fraud schemes, stock manipulations, pump and dump (both sides) misleading financials the list goes on. yellowstone is a great story and acts in the line of law but on a Hollywood level they can choose from over 10,000 companies that have A Billion Dollar Market capitalization.

[Cfairbank]

Carl -
Would not be surprised if that scene takes place in over 1000 companies across America a day, for 1 example i watch evrey Friday a well known restaurant/club line up 50 staff and have a rally how to service customers and maximize consumer TIPS) all across the board including Mortgage Companies to Insurance Companies, i don't see the connection to Stratton Oakmont that took 35 companies Public Syndicating Billions and then of course committing outright fraud schemes, stock manipulations, pump and dump (both sides) misleading financials the list goes on. yellowstone is a great story and acts in the line of law but on a Hollywood level they can choose from over 10,000 companies that have A Billion Dollar Market capitalization.

Perhaps it does, and I'm not picking on Yellowstone. Regardless of my views on their product, they have clearly done an impressive job at growing their business. But for an industry that is operating under an increasingly intense microscope, posting these types of scenes can only bring unwanted negative attention to not only Yellowstone, but the broader space as well.

[mcaguru]

Perhaps it does, and I'm not picking on Yellowstone. Regardless of my views on their product, they have clearly done an impressive job at growing their business. But for an industry that is operating under an increasingly intense microscope, posting these types of scenes can only bring unwanted negative attention to not only Yellowstone, but the broader space as well.

I don't see anyone pointing fingers at a firm for having a productive end of month sales meeting!!

[ridextreme]

But for an industry that is operating under an increasingly intense microscope, posting these types of scenes can only bring unwanted negative attention to not only Yellowstone, but the broader space as well.

what kind of negative attention could a company pep rally bring into the industry?

[HDF]

what kind of negative attention could a company pep rally bring into the industry?

The resemblance to what went on in other industries that's what. And it puts a bad light on everyone. Makes it way too easy on some of these ill-informed government agency types to make irrational proposals and decisions. Like that woman up in Illinois. She'd love to run with this stuff.

[jotucker1983]

....But for an industry that is operating under an increasingly intense microscope, posting these types of scenes can only bring unwanted negative attention to not only Yellowstone, but the broader space as well.

The resemblance to what went on in other industries that's what. And it puts a bad light on everyone. Makes it way too easy on some of these ill-informed government agency types to make irrational proposals and decisions. Like that woman up in Illinois. She'd love to run with this stuff.

Lol, yeah but guys, nothing out of hand went on in the video? The video is designed to spotlight particular sales reps who went above and beyond their quotas set. That video in particular is the least of our worries from an industry standpoint.

What we ought to be focused on as an industry, are the merchants I sometimes run across who have 3 - 7 stacks, with 30% - 40% of their monthly gross sales going to payback advances. The merchants are literally in tears begging for help because their business is about to go under as a result of the stacks. It's these types of situations that are going to get us (as an industry) in trouble.

[HDF]

Lol, yeah but guys, nothing out of hand went on in the video? The video is designed to spotlight particular sales reps who went above and beyond their quotas set. That video in particular is the least of our worries from an industry standpoint.

What we ought to be focused on as an industry, are the merchants I sometimes run across who have 3 - 7 stacks, with 30% - 40% of their monthly gross sales going to payback advances. The merchants are literally in tears begging for help because their business is about to go under as a result of the stacks. It's these types of situations that are going to get us (as an industry) in trouble.

All ingredients in the same soup.

[Cfairbank]

Lol, yeah but guys, nothing out of hand went on in the video? The video is designed to spotlight particular sales reps who went above and beyond their quotas set. That video in particular is the least of our worries from an industry standpoint.

What we ought to be focused on as an industry, are the merchants I sometimes run across who have 3 - 7 stacks, with 30% - 40% of their monthly gross sales going to payback advances. The merchants are literally in tears begging for help because their business is about to go under as a result of the stacks. It's these types of situations that are going to get us (as an industry) in trouble.

John, yep, I agree -- the issue isn't promotional videos: it's the stacks, it's transparency on cost, it's double dipping, it's debt cycles, it's UDAAP -- every one of these should have been "fixable" through self regulation, which the upmarket lenders are attempting to do -- but much of the higher risk cash advance space is slow to follow. For those merchants that are "in tears" because their business was ruined by stacks (and yes, we see that situation every day and most are too over-levered to help), it is easy to create the perception of hypocrisy if the largest second+ position provider in the space promotes videos of give aways with *literally* stacks of cash (pun intended). HDF said it well: it's "all ingredients in the same soup".

[mcaguru]

Lol, yeah but guys, nothing out of hand went on in the video? The video is designed to spotlight particular sales reps who went above and beyond their quotas set. That video in particular is the least of our worries from an industry standpoint.

What we ought to be focused on as an industry, are the merchants I sometimes run across who have 3 - 7 stacks, with 30% - 40% of their monthly gross sales going to payback advances. The merchants are literally in tears begging for help because their business is about to go under as a result of the stacks. It's these types of situations that are going to get us (as an industry) in trouble.

I am not with you on the number of position issue, it seems irreverent if a 1st position funder is taking 30% of his deposits or if its a handful of Advanced companies that together take 30%..... I guess the argument can lead all the way to the US Consumer Rental MARKET: Can landlord take 30% of a tenets Income for Rent. ( i believe millions give 50-70% of income to rent.... should Government decide that a business owner CAN NOT sell his future sales for a discount for upfront capital.

[HDF]

I am not with you on the number of position issue, it seems irreverent if a 1st position funder is taking 30% of his deposits or if its a handful of Advanced companies that together take 30%..... I guess the argument can lead all the way to the US Consumer Rental MARKET: Can landlord take 30% of a tenets Income for Rent. ( i believe millions give 50-70% of income to rent.... should Government decide that a business owner CAN NOT sell his future sales for a discount for upfront capital.

You really come across as a babbling fool. Not to be irreverent or anything.

[mcaguru]

You really come across as a babbling fool. Not to be irreverent or anything.

Simple. American consumers are paying a very large percent of Income to rent, my question is can the CFPB come in and say no longer can a landlord take 30%+ of monthly income from American consumers and start the regulation based on the death trap of never being able to save money because it goes to greedy landlords who even placed a video of them throwing a lavish party at the buildings leasing office.