Chapter
The Ethics of Organized Crime vs White Collar Crime
13:08 - 19:43 (06:35)
The speaker expresses their opinion on how mobsters, often from lower or middle-class backgrounds, have a greater level of morality than those that fraudulently scam people out of their finances during economic meltdowns.
Clips
This conversation highlights the psychological tactics used by mobsters for debt collection and compares it to the legal but potentially harmful effects of predatory lending practices.
13:08 - 14:59 (01:51)
Predatory Lending
Summary
This conversation highlights the psychological tactics used by mobsters for debt collection and compares it to the legal but potentially harmful effects of predatory lending practices.
ChapterThe Ethics of Organized Crime vs White Collar Crime
EpisodeThe Payday Loan Industry Is Bastards All The Way Down
PodcastBehind the Bastards
Payday loans, once the realm of mafia loansharks, transitioned into a perfectly legal industry due to deregulation laws in the 1970s, allowing banks to partner with short term lending companies charging exorbitant interest rates for short term loans.
14:59 - 19:43 (04:43)
Payday Loans
Summary
Payday loans, once the realm of mafia loansharks, transitioned into a perfectly legal industry due to deregulation laws in the 1970s, allowing banks to partner with short term lending companies charging exorbitant interest rates for short term loans.