The money changers — Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate: "You betcha, Chad. Another reason why Vancouver is so unique these days. In Toronto, for example, you usually have to go to a sleazy place next to a tat parlour and a kick-boxing studio, go through a door covered in metal bars and talk to a woman with a nose ring to get a payday loan. But not in YVR, baby, where debt, financial servitude and negative cash flow are mainstream. You want some money because you’re broke and willing to pay 19%? Just come to Vancity.
Quietly, Canada’s largest credit union, with $18.4 billion in assets, has entered the slimiest little corner of the financial universe – giving emergency loans to people who have run out of money and are desperate enough to pay anything to get it. “Need money fast?” the ads say. “We can help with that.”"
'via Blog this'
Quietly, Canada’s largest credit union, with $18.4 billion in assets, has entered the slimiest little corner of the financial universe – giving emergency loans to people who have run out of money and are desperate enough to pay anything to get it. “Need money fast?” the ads say. “We can help with that.”"
'via Blog this'
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