Goodfella trying hard as always and landing flat on his face.
BNPL compared to ninja mortgages hahaha Can you spot a fatal flaw in that logic dumbass? Hmmmmm I wonder.
The bank lends it's money. Purchases the property and can reclaim said property through foreclosure to cover all of it's original loan (that was the theory behind it, until the housing market crashed).
BNPL lends it's money. Purchases the product and CANNOT reclaim said product. It ends there.
Meaning BNPL companies and the banks must stay on-top of their arrears and bad debts. Of which they do, and have done for years now. It's not a concern.
APT Price at posting:
$126.64 Sentiment: Hold Disclosure: Held
