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A comment on Former paralegal charged with forging the signatures of NY state justices. Parent comment

Re:Former paralegal charged with forging the signatures of N... by mikeash on Wednesday September 16, 2015 @08:06PM (#10230814)
I don't really feel like being a bank, though. There's already plenty of competition for loans, this is just a case where predators are soliciting customers who don't understand that, and probably don't even know that the product they're signing up for is a loan.

Maybe it means there's room for better marketing by banks in this space, although there can't be that many clients. It may be that it's only worth targeting this group if you rip them off outrageously.

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Re:Former paralegal charged with forging the signatures of N... by fredkbloggs on Wednesday September 16, 2015 @08:14PM (#10230831)
Possibly. I know for sure that I would love to have access to this market. I would be happy to offer a much more fair price than the existing players are paying. In a ZIRP world, who wouldn't love 12%? Or even 8%? We're all banks, whether we like it or not. It might not be worth it for Citigroup, but a $100m market is definitely worth it for you and me. Just look at LendingClub and Prosper.
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