Young women with good looks and poor economic circumstances can leverage the former to make up for (with varying tradeoffs and degrees of success) the latter.
Wherever business is happening there's scumbags looking to set up sleazy operations that exploit information asymmetry or use predatory business practices in order to screw people out of their money.
Put the two and two together and you get stuff like in the article.
There is a general problem of massive amounts of liquid cash looking for an asset, and an increasing dearth in quality loan collateral. Appears nudes are the new pound of flesh.
Surely, next will be a way to securitize tranches of pawn tickets.
whatever way Wall Street slices&dices the securitized collateral from the guys pushing 50 like me the end result will still be junk bonds (pun intended).
Lending has always used reputation as collateral and the threat of social shame as an enforcement tool. "Pay up, or I'll tell everyone you're a deadbeat." Sexual propriety is far powerful social norm than keeping one's word; this was bound to happen. Still diabolical.
I find it ironic that China, the only major country left that is nominally communist, is the site of what seems to be the most alienated, abusive form of capitalism on earth.
That's the danger with associating attributes to labels. Capitalism doesn't necessarily mean democracy or freedom. A country that calls itself communist still have can have capitalists doing well.
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[ 2.1 ms ] story [ 55.9 ms ] threadWherever business is happening there's scumbags looking to set up sleazy operations that exploit information asymmetry or use predatory business practices in order to screw people out of their money.
Put the two and two together and you get stuff like in the article.
NakedEscrow.com
http://web.archive.org/web/20110210234301/http://nakedescrow...
Surely, next will be a way to securitize tranches of pawn tickets.
Since when do we measure stored data in gigabits?