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justalittle

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justalittle

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Wednesday, 08/22/2007 12:24:24 PM

Wednesday, August 22, 2007 12:24:24 PM

Post# of 79921
the thoughts behind the bank are they can get money from peolpe that have money and give them 12%-15% on their money they can then turn around and lend it out to semi-strong companies who because of various reasons can't get traditional money for 22%-26% the bank would pocket the dif. The trick is to get enough people with a confort level to loan the bank their money. There will be bad debt but at that percentage rate spread the numbers can work and alot of money can be made.
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