Re-Located Enforcer

Re-Located Enforcer describes the points on Loaning Money Re-Located Enforcer: [music] "Well, there are other ways of making money, [pause] ah...involved in organized crime, you got uh [pause] you can loan money out and put it on the street and have it workin for ya, [ pause] loan a guy a thosand dollars, at five points, that's five points at five percent interest [pause] 1000 times 5 percent is 1050 at the end of one week that's what you make back. At the end of ten weeks during which time you may loan the same 1000 to five different people for a shorter period of time you'll make back $500 dollars profit, here again you got 5 points at 5 percent interest, ah , you know you got 50 times ten weeks, that's 500 dollars profit. Take 1000 dollars loaned to one person at three percent per [pause] week for ten weeks, 1000 times 3 percent is 30, ok, total amount paid back would be 1300 because 30 times ten weeks would be 300, so that's 1300 you're gonna get back, or you can say that's a 30 dollar a week profit. If you're a Loan Shark what you really care about is you look at it by points and by points you're makin an extra 20 per thousand every week, it's good money [pause] It's always workin for ya on the street, show me a bank that will take care of ya like that, there is none [pause] it's better than CitiBank."

View Count: 14 Date: February 21, 2012