Has anyone else told Mr Pastis about the difference between secured and unsecured loans? Maybe how 7% is actually incredibly low for an unsecured loan, only possible because of the way it is treated in bankruptcy? Or maybe he has no idea that a loan is not from a “giver of cash” but from an organisation making money for old people to use in retirement. There is plenty to criticise banks for, but this is not it.
Has anyone else told Mr Pastis about the difference between secured and unsecured loans? Maybe how 7% is actually incredibly low for an unsecured loan, only possible because of the way it is treated in bankruptcy? Or maybe he has no idea that a loan is not from a “giver of cash” but from an organisation making money for old people to use in retirement. There is plenty to criticise banks for, but this is not it.