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Post by shanghaiscouse on Dec 20, 2020 22:42:30 GMT
www.ft.com/content/41d5fe0a-7b46-4dd7-96e3-710977dff81cIndeed, and who better to arrange dodgy loans than FC! When they saw the government guarantee schemes for covid loans they could barely conceal their delight, it is as if these loans were designed for their underwriting team.
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blender
Member of DD Central
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Post by blender on Dec 21, 2020 8:55:13 GMT
www.ft.com/content/41d5fe0a-7b46-4dd7-96e3-710977dff81cIndeed, and who better to arrange dodgy loans than FC! When they saw the government guarantee schemes for covid loans they could barely conceal their delight, it is as if these loans were designed for their underwriting team. Quite so, and it is not a team, it is a computer credit assessment system which can be scaled up as fast as people can enter the data about the current business finances, without bothering about projected use of the money. Very fast and efficient at making unsecured loans using other people's money - in this case the taxpayers.
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