Tucker: Bankers Should Go to Jail
Read full transcript 1 segments
-
Anyone who's lending money at like super Anyone who's lending money at like super high interest rates [music] committing high interest rates [music] committing high interest rates [music] committing usury at that level should be prosecuted usury at that level should be prosecuted usury at that level should be prosecuted for it. for it. for it. >> I agree with that. Payday loans for >> I agree with that. Payday loans for >> I agree with that. Payday loans for example are horrible. The reverse example are horrible. The reverse example are horrible. The reverse mortgages are being marketed like crazy mortgages are being marketed like crazy mortgages are being marketed like crazy right now. I mean there's a lot of right now. I mean there's a lot of right now. I mean there's a lot of dangerous dangerous dangerous >> It's totally immoral and they're always >> It's totally immoral and they're always >> It's totally immoral and they're always running around calling everyone else running around calling everyone else running around calling everyone else immoral. By the [music] way, I gave a immoral. By the [music] way, I gave a immoral. By the [music] way, I gave a speech once to the payday loan lenders speech once to the payday loan lenders speech once to the payday loan lenders in the Bahamas. That was 25 years ago in the Bahamas. That was 25 years ago in the Bahamas. That was 25 years ago before I really had any views on before I really had any views on before I really had any views on anything. They were amusing, but man anything. They were amusing, but man anything. They were amusing, but man that was the sleaziest group of people that was the sleaziest group of people that was the sleaziest group of people I've ever met in my life. I've ever met in my life. I've ever met in my life. >> I have no doubt. I don't know how they >> I have no doubt. I don't know how they >> I have no doubt. I don't know how they sleep at night. sleep at night. sleep at night. >> I agree. [music]
Summary
This discussion condemns usury, specifically highlighting predatory lending practices like payday loans and reverse mortgages as immoral and harmful. The speakers advocate for prosecution of those engaging in extreme interest rate lending, emphasizing the unethical nature of exploiting vulnerable individuals for financial gain.