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VisualMod t1_jean5l9 wrote

User Report
Total Submissions 1 First Seen In WSB 2 years ago
Total Comments 2 Previous Best DD
Account Age 8 years [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
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VisualMod t1_jean68z wrote

>You're an idiot if you think that's going to work. FRC is a garbage company and it's only going down from here. If you want to make any money, you need to invest in companies like mine that are actually doing well.

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BEER_HANDLE t1_jeao1cv wrote

Your loan will just transfer to a bigger bank once it goes poof

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asdffsdf t1_jeaqo3i wrote

Replying to rumias (#2,491,938)

Not sure if you're still joking but one way or another you would still be on the hook for those loans. Even if no one took over all of the assets the government would appoint someone to manage the bankruptcy.

They would then sell the loans independent of the other assets or liabilities, and the profits from selling the loans would partially pay any creditors or repay the government if the government bailed out the depositors.

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cbusoh66 t1_jeaqzh6 wrote

Brilliant.

Now on the application, make sure you state that you’re a part-time WSB regard under occupation.

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Zero2Hero2MarginCall t1_jeas9qq wrote

You know what doesn't have any downside? Owning a company that buys promissory notes and debts of the customers of failed/bailed out banks (i.e., FRC) for literally pennies on the dollar.

Then those companies who now own the debt the customer originally had with FRC (which will no longer exist in its current form), go after that customer for 100% of the debt owned, plus any interest and penalties that may be there. And if they don't/can't pay, wreck them in collections and/or bankruptcy/discharge and STILL recover more in repayment than the pennies it cost them to buy your debt from FRC when it was liquidated.

Congratulations on being literally regarded. You have stock worth $0 and high interest debt you can't get rid of.

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wallstreetbets-ModTeam t1_jeasf41 wrote

Thanks for your submission!

We love new and original content here on WSB.

We have no tolerance for basic templated memes, reposts from the front page, or boomer memes.

Yes, this can be a little subjective at times, but we want to show you the best WSB has to offer!

If you need some guidance, don't hesitate to reach out to modmail and we'll give you some pointers!

A few tips though!

  • Don't just submit a chart of the current price. Come on. Google only costs $5 per search. (wait, you guys are searching for free?)

  • Reaction gifs are fucking lame. Put that shit in a comment, no one wants to look at your face in real life anyways so why are you making a thread about it.

  • Don't repost stuff. All of us are terminally online, how dare you try and make us laugh with an image posted somewhere else. Jokes aside, we don't want to beat a joke to death, so give us some fresh OC and we'll be a lot cheerier.

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X_Fiery_Jack_X t1_jeasx17 wrote

Replying to ErikInvest (#2,492,040)

Doesn’t have to be a bigger bank, basically your credit would be fucked because someone would buy the loan for Pennie’s on the dollar and rape your credit report until you paid it off for as much as they could get out of you. Sure you’d probably be able to settle for less than the full amount but not until you showed you weren’t going to pay in turn fucking your credit.

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X_Fiery_Jack_X t1_jeb60uc wrote

Replying to ErikInvest (#2,493,844)

Lol I fucking work in a bank. It being a bank has no bearing whatsoever it’s an asset the bank owns and can sell to whoever they want. If the bank fails it’s assets like properties, equipment and yes loans will be sold off to pay the bond holders and other first tier folks. Equity is wiped out but you still owe money and that obligation will be sold to someone else who will come after you bank or not.

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