Surely then as a canny banker you offer to give them the money for the entertainments system secured against whatever assets they have, like the aircraft (if there are no liens or whatever on them). Indeed isn't that classic banking, if you know they're likely to default on the loan you offer it anyway but with security against anything they've got that you want transferring all the risk as a means for asset acquisition?
>a person who can't get a $5,000 unsecured personal loan at a bank //
Of course but they can have any loan they like secured against their house or [expensive] car up to half it's outstanding sale value ... though I think they are now being regulated on this sort of thing, which was the root of the whole sub-prime deal-e-o I think.
Re:Don't Lower Your Expectations
by micahbright on Saturday July 08, 2017 @03:40PM
(#14726879)
>Same reason that a person who can't get a $5,000 unsecured personal loan at a bank can often finance a $50,000 new car.
So borrowing money and living outside of your means is now a success story?
How did you arrive at that??
Re:Don't Lower Your Expectations
by micahbright on Saturday July 08, 2017 @11:57PM
(#14728279)
If you can't follow a thread, don't comment.
Boeing financing sale or lease of 12 new aircraft? Easy yes -- the aircraft is an asset generating revenue for them, and can be repossessed if Virgin doesn't make the payments.
Same reason that a person who can't get a $5,000 unsecured personal loan at a bank can often finance a $50,000 new car.