Former US Treasury Secretary Introduces New Predatory Loan Scam

This is amazing to me. Tim Geithner, another Obama kind of hang around. This guy’s come through the DNC. He’s been like hanging onto the DNC forever. Tim Geithner and Larry Summers. They’re the economic gurus. Tell us the story about Tim Geithner and now
he is the king of predatory lending. Right. What Tim Geithner did after leaving the Obama
White House, he came and he founded this group, this Mariner Financial. And what they are is they’re the same kind
of predatory payday lenders you see on the street corner except they’re wearing nice
suits and ties so they feel more like a bank, like a legit business other than these hustlers
on the corner. But no, they’re exactly the same except they’re
a little worse what Tim Geithner’s doing. They’ve got this new scheme, this Mariner
Financial, run by Geithner where they’re just mailing checks, blank checks. A certain dollar amount. All you got to do is sign it. To poor people that they have specifically
targeted just hoping that they will cash that check and then get hit with a 40% interest
rate. Well the way they’ve targeted them is they
figured out, here we have a house is there any equity in the house? They’re people that they target. They understand the people very well and they
say, “This is somebody that we can really take advantage of. Let’s send them this blank check,” for … Here’s
where it really gets weird. They actually are doing research. If somebody goes to a hospital day one, they’ve
got a bill for $5000. All of a sudden the $5000 check shows up in
that person’s mailbox to pay for the medical costs. All of a sudden, “Yeah, we’ll take the check,”
and it’s business as usual. Tim Geithner, the guy who was always on the
side of Wall Street. He was one of the people pushing Obama not
to prosecute Wall Street for all the crimes that they were responsible for the 2008 burn
down. And just like everybody else from the Obama
administration, Holder went back to Covington Burling for the paycheck. Geithner goes back to predatory lending for
the paycheck. And what Geithner has done here. This little scam. It targets people who are not as financial
desperate as somebody who would walk into the cash advance place. These are people who just happen to fall on
a hard time. Like you said, the expensive medical bill. The ridiculous car repairs. They wouldn’t ordinary walk into one of these
shops. But, the check comes to your house and you
know these bills are piling up, it becomes a lot more attractive and you’re more likely
to sign it when you know you can do that in the privacy of your own home and not have
to go into one of these places that has such the bad reputation. Got you. Farron cousins, we’re out of time. Thank you for joining me. We’ll pick up with some more stories next

28 comments on “Former US Treasury Secretary Introduces New Predatory Loan Scam”

  1. Nancy Mesek says:

    If the USA were really one nation, indivisible and with freedom and justice for ALL, this report would never need to be made.

  2. Brian Garrow says:

    Geitner needs a guillotine shave.

  3. Theron XL says:

    Typical joo trick..

  4. Martha Bck says:

    The powerful ppl that owns the world want us to be always in debts, taking our houses away and all that causes distress in ppl😭in 2008 i lost my job, my good salary and therefore my house. I took another underpayed job so that I don’t loose my house but and the end I couldn’t maintain it wasn’t enough income coming in. It is sucks . I hope one day Divine Justice get all those Mfokkers .

  5. Brad McEwen says:

    Overt loan sharks. Sorry but you guys mentioned it. Don't assume a suit & tie equals credibility. Discern by actions not looks or words.

  6. Victor Valencia says:

    if this Geithner guy drops tomorrow would anyone really cry or shed a tear ???? can't we sue him for the payday loan scam or string him up from the WH

  7. EarlGray007 says:

    Another day in America. So many ways to lose out here, and few to win.

  8. Scrum Thebum2 says:

    They forgot to mention Obama ended predatory lending. But now trump overturned it

  9. alphach1mp says:

    Well… Now they are under the Trump Administration so this falls on Trump!

  10. Gabriel Arcari says:

    Perhaps time to call out those corporate bought "democrats" and the DNC…

  11. cesiba1 says:

    For all the good Obama did people seem to forget that he was a corporate Democrat. No one went to jail. Just small fines that the bankers laughed at. His appointees were also tied to the industry and nothing got done to those criminals who brought our economy to its knees.

  12. Rufus Jones says:

    Just found out, by accident, that payday lenders were reviewing our credit with the bureau's. Froze our accounts. You may want to do the same.

  13. serena Norris says:

    I'm on disability I get $770 a month I get 4 or 5 of these checks a month for no less than $725.

  14. mark walters says:

    How can this be legal? Surely its an unsolicited gift and no contract /loan agreement has been signed.

  15. Perry McCorkle says:

    Is there no one in this country capable of not trying to somehow screw us over…. smfh

  16. Shawn Matthews says:

    Corruption in the establishment political parties are corrupt to the bone. How do we stop this? One of the solutions is to end Citizens United now. #EndCitzensUnited.

  17. Daniel Normand says:

    The new loan sharks.

  18. ovalbeach says:

    Wait a fuckin' minute. I'm all for exposing corruption be them dems or reps but you are showing a news story from RT? Hmmmmm….I'm feeling a bit uneasy watching ROF right now.

  19. alot maple says:

    Wall Street has been doing predatory lending for years which they call it "working capital" aka cash advances.

  20. elizabeth givens says:

    They may have worked for Obama but because Trump removes the regulations, anyone can do anything. If you can’t beat them, join them. It is ok because Trump made it ok. You are talking about people going back for a paycheck as if they shouldn’t? Funny you are not saying that about ANYONE that left the government or former positions.

  21. Fritz Fondona says:

    Godly greed.
    Just ask an evangelical

  22. Mary Stevenson says:

    Geithner was a hold over from the Bush admin.

  23. NotMe, says:

    Well that's what makes America great guys. Get with the program.

  24. Dave Hendricks says:

    Hang em high!

  25. bite me says:

    SAD 🤐 SMH. We need to get Corp. money out of my government

  26. Kathleen Gresham says:

    YouTube won't let me select the bell icon to receive notices from Ring of Fire. It used to be selected, but YouTube unselected it. When I try to reselect it, I get an error message, saying there is a "network error." I follow a zillion groups, and this "only" happens with Ring of Fire. Started a few days ago. Why?

  27. Mark Martin says:

    Money money money money money money money money money money money money money money money money money money money money money money money money money money money FOR THE LOVE OF 💰 the truth is money is the new GOD

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