Twitter is Hard to Use for Me, Wells Fargo "Payday Loans", and SBF/FTX/WTF/BS
Manage episode 347992445 series 2636706
Sorry about the long layoff... I was sick with COVID :(
In today's episode, I discuss how since Elon took over, it has been impossible to do my "The Notorious Banker" work because of people trolling Elon, BofA for lending Elon and a bunch of pointless convos. It seems hard to get a couple of simple things completed, especially when it comes to helping people.
Then, I briefly talk about Wells Fargo offering a short-term loan product, which can be $250 or $500. I discuss how the criteria used to approve you for the loans seems broken as all hell. I also discuss how they possibly might not report to the credit bureaus which makes no sense to lenders. It mimics a BofA product which recently came out, and it is just as bad, if not worse!
(Article about Wells Fargo Loan Product in Charlotte Observer)
Finally, a final rant about SBF and FTX. Why I feel no sympathy for those who lost money, because they were basically playing all-in poker with their life savings every day with a volatile crypto market... I expand on that briefly in the segment.
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