Just Mail Checks To Poor People – The Newest Predatory Lending Trap


Tim Geithner is in charge of a company called
Mariner. They are predatory, ugly predatory lenders. Tim Geithner, you might remember, was in charge
of our money under the Obama administration. The predatory lending story has been outrageous. Fortunately, I’m here with Farron Cousins,
who has followed this story more than anybody I know. It’s an outrageous story. Tell us how predatory lending works, first
of all. Then tell us how this DNC sweetheart, okay,
DNC sweetheart Tim Geithner, pals with Larry Summers, who is also kind of a DNC sweetheart. How is he now one of the predatory jackals,
I’ll call him? It’s really what he is. He’s a- Not only has Geithner become one of the jackals,
he has revolutionized these predatory payday lending scams because, rather than set up
these rundown offices in the poorest parts of neighborhoods like the cash advance, things
like that that we’ve seen in the past with predatory lenders, he has tried to make it
into more of an upscale venture. He gives out larger loans, higher interest
rates, but larger loans for more money. Now what he and Mariner are doing, which they
now have 450 branches in 22 different states, they’re just … and I wish there was a more
sophisticated way to say this, but there’s not. They’re just mailing checks to poor people
hoping that the poor people cash the check so that they can catch them, and now they’ve
got them in this loan that this person may not have known. Plenty of times- Okay. Now, wait, wait. Farron, that sounds so incredible, but it’s
the truth. Yeah. Again, the poor person doesn’t ask for the
check. Right. They do background checks. They see, sometimes, that the person may have
equity in their home. They do all their homework, but the person
is living subsistence existence, barely making payments, barely staying alive, and the Tim
Geithner crew … Tim Geithner, Obama’s financial guy, now says, “Well, I got a good idea. We’re going to mail them a check, and if they
cash it, we got them.” Isn’t that it? Here’s what they do as well. This is part of the scheme. They go through, they look through hospital
billing databases, they look through any kind of car repair database, anywhere where you’ve
given your name and phone number, things like that. They can see who gets popped with a big bill. You just had a surgery. Your insurance covered most of it, but now
you have a hospital bill for $5,000. Couple days later, a $5,000 check shows up,
and you say, “Okay, well, I could really use this right now to pay this and be done with
it before that goes to collections.” They also work with collection agencies to
find out who owes what, so it is very targeted. It is very sophisticated. These checks do not come with very much explanation,
a little bit of fine print that nobody reads. They think, “Oh, well, this is a good thing. I’m probably 5% interest, better than a credit
card.” Reality, almost 40% interest on these things,
and they lock them in, and then- Yeah. As a matter of fact, let me just tell you
something. Finally, the king of predatory lending went
to prison, one of the kings. Now there’s so many out there right now. Now the new king is Tim Geithner. Okay? This is the DNC golden boy who is now running
this pathetic, ugly scam. Let me back up just a second. Before they send the check, they have abilities
to find out everything they want to about you. They can find out where do you shop? What do you buy? Who do you owe money to? Are you behind on your rent? Are you behind on your house payment? They do all of that, and they target. They have a matrix that targets this is the
right person. This person hits all of the matrix just right. It’s like throwing a dart and hitting bull’s
eye. You’re a bull’s eye. You owe the hospital $5,000. You can’t pay it. You get a $5,000 check, and they’ve got you
for the rest of your life. Right. These are people who would not ordinarily
even consider doing one of these payday loan scams, but when you’re sitting there, and
you’ve got that check in your hand, and you know all you have to do is sign the back of
it and it’s in the bank, and in the other hand you’re looking at that bill, and you’re
getting the phone calls from the debt collectors, this check is a lot more likely to get cashed
than if you had to get in your car, go find one of those lending places, hand over your
car title or whatever it is. Tim Geithner should be in prison. Tim Geithner should be in prison. That’s the bottom line here. Yeah. I saw a great article that basically said
that what’s happened to the Democratic party is the new face is Wall Street contrasted
with the face of Maxine Waters, crazy woman. It mean that’s how they … It was really
well done. It was well thought out. It was well presented. That’s really what it is. I mean you’ve got these Wall Street Tim Geithners
now in charge of the Democratic party, and on the other side you’ve got … I don’t even
know how to describe it, it’s gotten so crazy. Corporate Democrats recently held a private
conference to figure out how they could stop the party from moving further to the left
and further away from the very kind of corporate control we’re talking here. This meeting, I got to tell you, didn’t go
well, did it? No. Because the people … It’s the golden rule. The rule is the people with the money make
all the rules. That’s the golden rule that is dictating what’s
going to happen to the Democratic party in the midterms. Pick up from there, if you would. I think the biggest takeaway from this meeting
that took place in Ohio, last Friday I think it was, is this quote from Representative
Tim Ryan. He’s a Democrat from Ohio. He said, “You’re not going to make me hate
somebody just because they’re rich. I want to be rich.” Okay. Tim doesn’t understand. Mr. Ryan here completely misrepresented what
the anger in this country is about on both the right and left. Nobody is mad at anybody for being rich. Nobody is mad at Jeff Bezos from Amazon because
he has money. They’re mad because he’s a thug. I mean- Yeah, they’re mad because his workers have
to pee in jars because they can’t get breaks and they make slave wages. They’re mad at Disney because they get billions
of dollars while their workers are living in their cars. It’s not that you have money. It’s that you’ve screwed over thousands of
people to get it. These Democrats, which this was put on by
Third Way, that centrist think tank, they put this meeting together because they said,
“Wow, we have a real problem with people in this country wanting …” They’re socialists. Yeah. Yeah, that’s the problem. The problem is they believe that there’s this
influx of socialism and that they’ve lost control of the party or will lose control
of the party. Well, real quick, what’s happening too is
we see too many Republicans out there warning the Democrats, “Don’t move to far left,” because
those Republicans are disaffected by Trump. They want to remake the Democratic party into
the new Republican party. Right, right.

87 comments on “Just Mail Checks To Poor People – The Newest Predatory Lending Trap”

  1. Zintenka says:

    This is awful… this should be illegal, holy hell and we have people that actually advocate for pure Capitalist systems when there are numerous examples why pure Capitalist systems don't work and eventually collapse like we almost did back in the 1930's.

  2. Iridescent ink says:

    So all parties are compromised 😂

  3. The Everyday Progressive Show says:

    This is what the mob used to do people. Loan sharking, except they won't bust your knee-caps, they'll just garnish your wages and take your house.

  4. WineScrounger says:

    These are the sort of rat bastards who could almost convince me to support capital punishment. Shit. It’s amazing what money you can make from debt, and it’s disgusting what you can make by stealing debt.

  5. Ann B says:

    Jesus! How evil can people be? To target poor people who can't ever pay these checks off! Never! With the interest rates alone they're unknowingly getting buried, alive! Do people ever think, what if it was their family that was baited that way? Do they care? No amount of money is worth being that evil! Being that rotten should be against the law!

  6. Rohypno tist says:

    The best country on earth people , don't you forget it .

  7. Thunderbird says:

    Geithner was president of Federal Reserve during Bush administration…
    https://en.wikipedia.org/wiki/List_of_presidents_of_the_Federal_Reserve_Bank_of_New_York

  8. Eric Burkheimer says:

    My mother just got one of these Mariner checks. Thanks for the warning. Much appreciated America's lawyer

  9. Shawn Wesson says:

    Disgusting

  10. Me Too says:

    I would love to see Tim Geithner try this scam in a muslim country. The poor guy would get the $5,000 and Tim's head as a bonus. The idea of him going to jail would be (for him) a dream come true as opposed to the other alternatives.

  11. Clarice Henderson says:

    The Republican party is trying to teach the "Democrats" (more like Republican-lite…) how to be even bigger losers then they already are.

  12. ICECREAMACHINE says:

    FISA = START.
    FISA = IMMEDIATE CONF OF ILLEGAL ACTS RE: SIGNERS.
    FISA = IMMEDIATE CONF START OF HUSSEIN SPY CAMPAIGN TO RIG AN ELECTION WAS BASED ON FALSE INFO.
    FISA = IMPLICATES HRC / D PARTY AS FEEDERS OF FALSE INFO W/ THE INTENT OF SECURING MSM + BLAST/INSURANCE.
    FISA = IMPLICATES SENIOR MEMBERS OF UK MI5/6/SIS, US INTEL, WH, FVEY, R PARTY (CONGRESS/SENATE) OF KNOWN CORRUPTION IN EFFORT TO RETAIN POWER AND RIG ELECTION + SAFEGUARD EVENT(S) BY POLITICAL KILL TO ACT WHILE IN POWER GIVEN MSM FAKE PUSH RUSSIA NAR.
    FISA = TIES MSM HEADS (TV/BEHIND/CORP) TO D PARTY OTHER FOREIGN HEADS OF STATE IN CO-OP STRATEGY.
    FISA BRINGS DOWN THE HOUSE.
    FOIA DOES NOT INCLUDE FISA.
    DECLAS BY POTUS KEY PARTS THAT FACTUALLY DEMONSTRATE THE 'DIRTY' 'FAKE' DOSSIER WAS USED AS PRIMARY SOURCE TO SECURE HIGHEST LEVEL OF INTEL SPYING ON PRIMARY REPUBLICAN OPPONENT (+POST ELECTION (INTEL ASSETS FOR/DOM SPYING ON THE PRESIDENT OF THE UNITED STATES)) FOR THE OFFICE OF THE PRESIDENCY OF THE UNITED STATES OF AMERICA.
    LOGICAL THINKING.
    PUBLIC AWARENESS – FISA/SPYING
    FOUNDATION BUILT HUBER.

    NO MATTER WHAT HAPPENS THE MEDIA WILL NOT PUSH THE TRUTH.
    MSM IMPLICATED IN HIGHEST LEVEL TREASON EVENT IN US MODERN DAY HISTORY.

    WITNESSING HIGHEST LEVEL TREASON EVENT UNFOLD IN US/WW MODERN DAY HISTORY.
    HAVE YOU EVER WITNESSED SO MANY CONGRESS/SENATE SEATS VACATE IN A SHORT PERIOD OF TIME?
    HAVE YOU EVER WITNESSED SO MANY CEO/BOD VACATE EVENTS IN A SHORT PERIOD OF TIME?
    HAVE YOU EVER WITNESSED THE DOJ/FBI (WHAT IS KNOWN) FIRE/RELEASE (VACATE) EVENTS IN A SHORT PERIOD OF TIME?
    HAVE YOU EVER WITNESSED THE VACATING PARTY (ALL POSITIONS) CHALLENGE/FIGHT/PUSH FOR THE REMOVAL OF THE ENTERING/DULY ELECTED POTUS?
    HAVE YOU EVER WITNESSED A FORMER US PRESIDENT TRAVEL THE WORLD AHEAD/BEHIND OF THE CURRENT ATTEMPTING TO UNDO/THREATEN/HIDE/COVER UP PREV/CURRENT ILLEGAL/CORRUPT/EVIL EVENTS?
    HAVE YOU EVER WITNESSED 40-50K SEALED INDICTMENTS? NOT ALL FEDERAL/CRIMINAL.
    HAVE YOU EVER WITNESSED SO MANY PEDO/CHILD EXP PEOPLE GO DOWN?
    HAVE YOU EVER WITNESSED A SIMILAR LIKE GROUP RISE UP (MIMICS NAZI GERMANY) W/ SIMILAR-LIKE LOGO, PUSH, ETC.?
    HAVE YOU EVER WITNESSED A DEFCON SCARE?
    HAVE YOU EVER WITNESSED UNAUTH MISSILES FIRED? PHOTO EVIDENCE YET DISMISSED????
    HAVE YOU EVER WITNESSED POLITICAL FOUNDATIONS REC HUNDREDS OF MILLIONS OF DOLLARS FROM SPECIFIC TERRORIST SPONSOR ORGS ETC ONLY TO IMMEDIATELY CEASE ONCE OUT OF POWER?
    ALL DURING THE SAME PERIOD OF TIME?
    NOTHING IS HAPPENING>?
    NOT FAST ENOUGH?
    DO YOU NOT UNDERSTAND/COMP WHAT WE ARE CURRENTLY DEALING WITH?
    PEOPLE ARE DYING.
    WE ARE UNDER THREAT OF KILL EVERY SECOND OF THE DAY.
    THOSE WHO YOU TRUST THE MOST ARE THE MOST EVIL.
    THIS IS NOT A GAME.
    HUMMANITY IS AT STAKE.

  13. Michael Valente says:

    So….if you believe that people shouldn't be allowed to de-fraud, lie, cheat, rob, fuck or jack their fellow countryman to make a profit you're just a dirty communist?

  14. Brad McEwen says:

    Welco m e to new America. Predatorial, misogynistic, narcissistic & sociopathic just to name a few.

  15. TheScholar74 says:

    How does this unsolicited check not qualify as a gift? Because Geithner?

  16. elizabeth givens says:

    You guys are transparent as hell… are the Russians paying you? The ONLY way anyone can take advantage of people is because the Republicans removed all regulations and everything…. Transparent as hell….

  17. 1Me says:

    Micky Mouse lives in a car? 🙂 (sry shouldn't joke as this is really terrible, plus low wages 🙁 ).

  18. jacktheripped says:

    Send me a $5000 check and I'd use it to pay a retainer….

  19. Mark Cross says:

    I used to live in the DARK AN DIRTY SOUTH, home of Jeff Sessions and Roy Moore.
    These shysters are on every street corner. Yeah, they will lend you $1,000 dollars on the spot for your car title and immediately start 300% interest on it, nobody ever gets to pay back! A month later your car is stolen/repossessed!
    They will advance your paycheck til it clears for ONLY 15% for 2 days!
    Criminals write the laws and dummy's don't vote, why does out WH love the poor and uneducated, cause he is one himself!

  20. Carol Schneider says:

    If I got a check out of no where from someone I didn't know, I would report it to the post office as a possible scam or tear it up. I could use the money, but, I don't trust anyone.

  21. jaylovespti says:

    Predatory capitalism at it's finest!

  22. Ace1000ks1975 says:

    I guess, there are predatory Democrats as well as there are predatory Republicans. LOL

  23. Ed Denoy says:

    Nothing new here.

  24. Nimzo25 says:

    Yep, another attempt by Trumpins to take our money and use it to stop making video games and not letting Badniks have official English names and Dragon Quest games go to the West

  25. Itosalix says:

    What was doing in the beginning of the video, repeatedly rubbing his leg?

  26. Gary Sinnott says:

    That's a nasty way to destroy lives. Trouble is, you could tell people that this is a scam to asset strip them, that they should never ever touch one of these cheques with even a 10ft pole, show people how bad they will be fucked up by fallling for this – and then some will fall for it. You won't win this one, unless you take the root cause of the misery out of play.

  27. SALEEM ZAID MUWWAKKIL says:

    THE WHITE MAN IS THE DEVIL 😈😈😈! !! SEPARATE FROM THESE RACIST WHITE CHRISTIAN PEOPLE!!! THEY ARE YOUR OPEN ENEMY!!!

  28. Quinton chapman says:

    Trust no one 🤷🏾‍♂️

  29. INFINITY says:

    I would like about explanation as to how Maxine Waters is crazy

  30. Walt F. says:

    I'm sure this is perfectly legal – if not, it soon will be.

  31. jmcclinton8 says:

    This is America!

  32. al92653 says:

    God bless the Capitalist $hithole of America! If there was any justice these bastards would be in jail.

  33. Patricia Branigan says:

    Tim Geithner collects his bribe in getting this job.

  34. John Bliss says:

    Instead there should be Universal Basic Income. Lift people out of poverty, end payday loans and end welfare.

  35. rustydog0329 says:

    The people that get these checks have to bear some responsibility for this. No one mails you a check for nothing. There's a reason these people are poor in the first place. And I doubt they think they're only going to pay 5% interest.

  36. Allen Allen says:

    It doesn't matter Republican or Democrat All corrupt

  37. DevilDog 2600hz says:

    Unethical people. For years, been going on default that companies, corporation, and people are running a con of some kind. Until proven otherwise.

  38. Jan Hall says:

    How in God's Good Name is that legal? Ffksake! America's perception of a 'libertarian' government would have John Stuart Mill rising from his grave in righteous rage! This is insane! WHY THE FUCK IS IT NOT ILLEGAL?

  39. Maria Costa says:

    The Ring of Fire is associated with RT (Russia Today). Their goal is to spread doubt in American institutions and divide Americans. Shame on YouTube for allowing this channel to have access to an American audiences.

  40. Throwing Down The Mask says:

    Many of the people being targeted are people going into debt waiting for Social Security Disability rulings. This should be criminal.

  41. meh757 says:

    this is why the left has started railing against the corporate democrats….. im so glad that the youth voter registration numbers are skyrocketing so we can shove these corporate types out of office

  42. osborne007 says:

    Just call Phil Rizzuto

  43. osborne007 says:

    Just call Phil Rizzuto at the money store

  44. osborne007 says:

    Just call Phil Rizzuto at the money store or maybe I breaka u leg

  45. osborne007 says:

    No thank you sir I'm selling my house to fonsi or maybe Fred Thompson certainly not Bob Wagner

  46. Julie Gurley says:

    Gosh, isn't it obvious that our oligarchs screw people out of their decent wages and overwork those they employ so these oligarchs can max out their income while crying about the labor shortage in say the trucking industry or in maids for hotels. If decent wages are paid as labor market shortages would demand, there would not be a labor shortage anymore in any industry? Oligarchs one job is to screw workers as much as possible and blame the workers for not being there for their slave jobs.

  47. D Smith says:

    Did Trump roll back regulations making it easier for these parasites?

  48. Z Jones says:

    I find this hard to believe but Tim Geithner is actually not a jew.

  49. j willy says:

    I’m not one for capital punishment, but…

  50. Adel Black says:

    Don't let anyone see from your desperation if you're going to bleed slowly just bleed slowly don't dig in there and make it worse I throw away every credit card application Discover Capital One Merrick Etc push at me straight to the trash I have enough loans that are almost paid off I will not be getting another

  51. The End says:

    Gross.

  52. The End says:

    Democrats have turned into republicans and republicans have turned into Nazi Lite💀

  53. emerald3331 says:

    Payday lenders on steroids. Because you're screwing over the poor you get away with it, but when you're Madoff and screw over the rich you go to prison.

  54. James Denny says:

    Why was it important to let us know this guy worked for Obama…… well he don't work for Obama now, so what does it matter

  55. Harry Schaefer says:

    This is revolting. I thought Tim Geithner was one of the good guys because he helped Obama navigate out of Bush's financial crisis. This sounds like the kind of thing Trump would try to get away with. I used to get blank checks in the mail all the time from banks along with the invitation to make a balance transfer from another card. Wifey and I would always joke "look: free money". Of course there was transfer fee involved which added to overall debt. Time to cast the money changers from the temple! I'd love to hear Obama's opinion of this.

  56. Elizabeth G Enat-Hung says:

    That is what I'm thinking, it is a mob thing. The old fashion loan sharks

  57. Logical Thinker says:

    Anyone receiving an unexplained check should know not to cash it. This is not new. At&t sends you a $100 visa card; spend it and you are on the hook for services 24 months. Even if you are not satisfied with service, you are stuck.

  58. randy osborne says:

    People are in danger because leadership in the US is dysfunctional. Whips and Leaders are the true crux of our corruption. They were created during the height of Government corruption in 1899 and 1900. They were NOT implemented by the framers of the Constitution or the Declaration of Independence. Congress is manipulated by Whips and Leaders to broker the bills in a profiteering manner to 501c's, corporations and other countries. The myth is Congress is a weak victim overpowered by the large money lobbyist. But the truth, Congress is the tyranny understanding they have a monopoly selling bills and are aggressive at it. You want a bill passed you have to come through them. There is no defensible argument, Congress betrayed their Fiduciary duty. Whips and Leaders should have been eliminated with Antitrust in the early 1900's. Whips and Leaders front run our republic. This isn't a Democracy, it's not a Republic, it's a coup d'état and the Whips and Leaders are the party of guilt. This should be made into a documentary.

  59. Purple Flame Tarot says:

    Thanks for all the deregulations TrumP! I'm always warning my kids about these scams.

  60. Lee Alexander says:

    That's absolutely evil. And scary to anyone and everyone who could get in a bind. Cash that check and never get out of that bind.

  61. Lee Alexander says:

    The Kock brothers and those like them understand that they can't get the left, but they know they can get the centrists. And now Republicans are running as Democrats while Republican donors are making campaign and party donations to Democrats. Meanwhile advisors and donors are busy telling the party leaders they can't win if they move to the left. Unfortunately too many voters pay far too little attention to politics which allows the donor class to rule us regardless of ideology or issues.

  62. dangerouslytalented says:

    Happened to some of my online friends. I told them to burn the cheques

  63. dangerouslytalented says:

    They have gone upmarket because the poorest don’t have enough money left

  64. OrionPax09 says:

    Ugh, this is just so disgusting. Preying upon the desperation of the oppressed in order to make them slaves for life. And for what? Because these greedy self-serving vermin feel like they're not rich enough as it is?! I'd love to strip them of every dollar they have and see how they like being victimized like that!

  65. Wendell 717 says:

    Predatory Lenders work perfectly with an unfettered, predatory capitalist system. This is just subtle fascism too.

  66. Marc St.james says:

    trying to tie this into a Dem party policy is bs… cmon guys buy that fox news enemy point is bs….. thought ring of fire was better… Tim g is creepy but thatsnot the ?face " of DNC and maxine waters isnt crazy f you for helping trump out lol

  67. georgebushwack says:

    With Trump and Mulvaney gutting consumer protection and powerful Dems like Debbie Fucking Wasserman Schultz servicing the pay day lender lobby you can see how a strong third party is needed to escape the bloodsucking duopoly.

  68. mark nelson says:

    Some people just won't learn.
    In the past neighbor helped a neighbor
    people lived without going into debt
    But now the government is just as in debt as the people are
    Many of the liberal states, the democratic states are so far into debt that they will not be able to pay their bills
    Including all the retirement that they have promised people
    Some people just won't learn there are no free rides

  69. Roli b says:

    Nazimerrica the land of the free?????? . Land of the greed and profit and corruption and also no human rights by the police and justice system . The world already knows that for a long long time . 3e world shithole

  70. Satria Kurniawan Djaenal says:

    So…loanshark?

  71. Gary Garrett says:

    Trump bailing out farmers with 12 billion dollars of taxpayers money for a problem that didn't exist until he caused it, is socialism 101.

  72. skywalker01974 says:

    how come mass shootings never happen in banks? its always schools and movie theaters and shit.

  73. bigraviolees says:

    what happens when you have yachts mansions and Mercedes in your pole barn ? Why you need more mansions yachts and Mercedes because you are fuckn nuts so you steal from the middle and poor

  74. Robert James says:

    Tim Ryan is rich. His salary is over $165,000 per year. Tim Ryan is a fraud.

  75. gotyt gotyt says:

    Used to do??? This is the MOB pure and simple. The mafia has modernized and now supports trump's defense of these 'honest' business owners!!! How does anyone become a property billionaire without being in the mafia?

  76. gotyt gotyt says:

    Please show graphics and samples of these checks. How are they scamming people now? Details please.

  77. Mark Gigiel says:

    They recently gutted the protection rules of the CFPB. This would not have been allowed.

  78. Brandon Coolbreeze says:

    Ive gotten that from 3 different companies

  79. Scotty D. says:

    Just shows that there is little difference between Repubs and Dems when it comes to exploiting the poor and middle class

  80. Joseph Pompa says:

    What a piece of shit video that was .I wanted to no about predator loan companies and just when baldy was getting to it old timer steps in and starts talking about politic let crap then it ends .What the hell kind of shit was that..1 word ASSHOLES.

  81. steve clapper says:

    They can do this because the state does the collecting for them.

  82. Ade King says:

    Cheques not checks. Subtle difference. 😊

  83. KEVIN anderson says:

    I worked for this outfit almost 3 weeks….. Very VERY crooked company to work for….. as in 35% apr.… couldn't belive all the people are taken advantage of…. like giving a dude crack for free and then start charging them….LEGAL loan sharking from Obama era buddys taking advantage of us folk!!!!

  84. Dock Saylor says:

    My wife shredded a 2,500 dollar check from a finance co. said just cash or deposit and agree to pay back little over 4000 I believe it was at 116 dollars a month for three years.

  85. The Grey Cat says:

    If its an unsecured (meaning there no collateral behind it like a car) check, cash it and don't pay it back there's nothing they can do except sell it off to a collections agency and get a tax write off for you not paying

  86. Isaac Resek says:

    Hit them where it hurts them. Close all your accounts with Wells.

  87. Ken Rose says:

    That's a flat out scam…

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