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Taxi Cabs - Act II Part A - Finance Firms and "The Deal That's Too Good To Be True"
Manage episode 447920098 series 3601221
Sisällön tarjoaa Juny Sridhara. Juny Sridhara tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
Since ancient times, every loan has involved two parties - a borrower and a lender. In this episode, we will examine the mindset of both parties. Why would cabbies making $30,000 a year even contemplate taking on a $700,000 loan? And why would finance firms consider loaning such large amounts to cabbies? We will show how powerful voices eroded away the fears of the cabbies. We will reveal where finance firms obtained the money to make the loans. And we will show how these finance firms presented cabbies with a "Deal That Was Too Good to Be True!"
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