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Millennials in China Are Using Nudes to Secure Loans
- gigatexal 8y agoThis is a black mirror episode it has to be right?
- bitxbitxbitcoin 8y agoNot yet but as the famous quote goes: "Art imitates life."
- tracer4201 8y agoLOL!!! I thought of the same thing. You beat me to it, ggahhh!
- dsfyu404ed 8y agoYoung women with good looks and poor economic circumstances can leverage the former to make up for (with varying tradeoffs and degrees of success) the latter. Wherever business is happening there's scumbags looking to set up sleazy operations that exploit information asymmetry or use predatory business practices in order to screw people out of their money. Put the two and two together and you get stuff like in the article.
- xrd 8y agoI wish I had patented my idea. NakedEscrow.com http://web.archive.org/web/20110210234301/http://nakedescrow.com/ http://web.archive.org/web/20110210234301/http://nakedescrow...
- motohagiography 8y agoThere is a general problem of massive amounts of liquid cash looking for an asset, and an increasing dearth in quality loan collateral. Appears nudes are the new pound of flesh. Surely, next will be a way to securitize tranches of pawn tickets.
- trhway 8y agowhatever way Wall Street slices&dices the securitized collateral from the guys pushing 50 like me the end result will still be junk bonds (pun intended).
- sharemywin 8y agoI've come up with a better idea. I upload naked selfies of myself and my friends and family pay NOT to see them...
- malshe 8y agoI almost spit out my tea! This is brilliant :)
- closeparen 8y agoLending has always used reputation as collateral and the threat of social shame as an enforcement tool. "Pay up, or I'll tell everyone you're a deadbeat." Sexual propriety is far powerful social norm than keeping one's word; this was bound to happen. Still diabolical.
- camelNotation 8y agoI find it ironic that China, the only major country left that is nominally communist, is the site of what seems to be the most alienated, abusive form of capitalism on earth.
- etaoins 8y agoVietnam has 95 million people and a larger economy than Greece. I would consider it a major country.
- camelNotation 8y agoDidn't mean to offend, sorry for that.
- maxxxxx 8y agoThat's the danger with associating attributes to labels. Capitalism doesn't necessarily mean democracy or freedom. A country that calls itself communist still have can have capitalists doing well.
- tnzn 8y agoThis isn't the point though. There's not much communism, if at all, in China, at least in the original sense of communism.
- ve55 8y agoA small proportion of people doing a weird practice shouldn't be enough to warrant a generalized headline line this.
- fuddle 8y agoThe exact same tactics used by the NXIVM cult - https://en.wikipedia.org/wiki/NXIVM https://en.wikipedia.org/wiki/NXIVM
- jacob019 8y ago"10 gigabits of nudes" Since when do we measure stored data in gigabits?
- flyingfences 8y agoWhen we want it to sound like a bigger number.
- microtherion 8y agoTalk about "Open Kimono Negotiations"! (And yes, I know that China != Japan)