Quote:
Originally Posted by japhi
That capital lending program is smart. Really everything PWCC has built is pretty brilliant. Which is what's so crazy to me about all of this - he never had to collaborate with card doctors, or shill bid, to build the biggest business in the segment. His greed could take it all out. Crazy amount of risk to take when you have a superior business model.
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I had that very conversation with him perhaps 5 years ago, told him he had a great brand and business model but that he was putting it at risk if he didn't clean up who he catered to, that there would eventually be scrutiny with potentially serious consequences. He said he would be fine...