Simple as that.
"Where's the rest of the Money coming from Jack?"
"The Bank."
"Taking out loans are you, aren't you still sitting on Credit Card debt?"
"mmmhmmm. Let's talk about that. You remember the Housing Crisis of 2008? How the banks were giving out loans they knew people couldn't pay back, at interests rates that loan sharks and fast cash shops wishes they could away with?"
"Uhhh, the rates weren't that high?"
"Weren't they though? Didn't people loose their homes, their jobs, their lively hoods because of it? At least when you don't pay a loan shark they just break your finger or you knee and call it a day. Not only did they cause the crash, get bailed out by the American tax payer, they financed invest firms to buy up the housing stock after and ridiculously low rates because they knew they were the only ones that could afford it, then slowly increased the rent and everything else because of "added value"
"That's just business."
"That's fucking people over 3 times with the same dildo and not even cleaning it off between."
"Gross."
"No shit."
"So...okay...you didn't have a housing loan, why the credit cards."
"When I signed up for it, not because I needed it but because that was the only way to "build credit" in order to access other services, like personal loans, car loans, and home loans."
"Right, that's how credit cards work."
"Indeed, however, With Bank of America specifically, I opened the account under those terms. Because I only used it for travel and emergencies and always paid on time, they increased the credit limit. I didn't ask for it, they just did it. Now, I let this ride, because I was like, okay...seems sus, but maybe that's just a reflection of a good payment history."
"Yeah, that's how it works."
"No, it's not. They, the bank, increase your limit it prevents from utilizing that credit limit in other capacities. Then, if you want to close the account, because that's the only option at that point. Close the account and open another one, your credit report gets hit and you have to, not start over, but earn back the standing they took from you."
"Uhhh...that's?...what?"
"Exactly how it works.
"Now with Bank of America they started closing physical locations. Because, you know, having locations and people working at them costs money. And why spend money on loan officers and financial consultants that will educate your customer base and help them navigate the complexities of finance when you can just have an automated call line that will frustrate them into giving up and taking the loss on the chin?"
"Except I didn't take it on the chin. I went to their headquarters to demand the arbitration that was in the contract for the credit line. To negotiate for relocation costs so that I could move when I I found a job. They told me they no longer offered those services, when that was the whole reason I had agreed to the credit line to begin with, and then chased me out of the headquarters because they...well...that would be acknowledging there was a problem if they actually talked to me. But they didn't."
"Well you did show up unannounced."
"So did the removal of physical locations, removal of services, and increase of credit history. Fair is Fair."
"What about the Chase Card, you've got more on that then the BoA card."
"That's business. To Chases credit, when I explained what was going on they froze the account at my request until I could sort the bullshit with Bank of America. Which has been a continuous game of tag since then. They, Bank of America, sent it to collections without the arbitration and it's been one collections agency after another bouncing that debt down the road every time I pull the receipts. Because they know, as well as I do, that they have no legal claim over that debt and that they're just acting as that automated line, trying to frustrate me into capitulating and just paying it out of hand."
"Seems like a petty amount to piss and moan over when you negotiate million dollar contracts and billion dollar deals for fun."
"It's the principle of the matter."
"So what, Chase is just giving you an interest free pass on that account."
"No, they're waiting for the settlement to come through."
"Seems like a gamble on their part."
"Banks don't gamble. Banks are the house and the house always wins."
"And the Walmart account?"
"You mean the, I was starving and on the street and need groceries and when they refused to act on the Fraud tip I told them about? I'll get to that after I deal with Bank of America."
"And how much do you think they owe you then?"
"Me? $20.05 Million after tax. They can calculate the tax obligation on that, I've done enough free math for them already."
"Wait, I thought that was supposed to come from all the Trillion and Billionairs you're rummaging the pockets of."
"They don't have enough Cash Assets to cover that. Are you kidding me? Fucking having a yard sale of their shit just to come up with half of it at best. Did you think I was going to start this VRC project without a plan to come up with the missing funds. Honey, I write the Endgame before I even make the first move."
"And Chase is going along with this why?"
"Because they're going to get paid and the Bank of America settlement is going to run through their system. And so far in this whole mess, the only institution that's held up their end of the bargain every step of the way concerning my contracts."
"All this over Three Grand?"
"Slings and Arrows my friend. $3k may not seem like a lot from someone negotiating from my position but for others that's the difference between life and death. Medication and a diabetic coma."
"So you're going to shut down Bank of America and do what? What about all those people going out of work?"
"Didn't I tell you my plan for the Post Office and what they were before the Banks lobbied them to the brink of extinction?"
"You're serious aren't you?"
"Deadly, Bank of America isn't going to be a finger in peoples eyes anymore. It's going to be the actual Bank of Ameria and anyone above the rank of Loan officer is going to have to ride their golden parachutes out the window."
"So they get away even though the Bank closes."
"Doesn't close, just goes under new management. And they better enjoy the float because they're parachutes are dropping them into the Den of Lions that Sandra trained."
"Like I said. I play the long game, because that's what they play."
"Still not enough money for the project."
"Most of it."
"The rest?"
"Well, that comes from the community and the companies that want to be in on the project. We have the market place, they sell on it, we take 15% off the top and reinvest it into the community. Lower rate than what most other market places take, and that 15% goes into paying people to protect IPs and keep the community safe."
"And you think a bunch of Furries, programmers, artists, and Indi devs are going to back this play and help you get the project done in under a year?"
"2 years if there's hiccups, but yeah."
"What do they get out of it. Paid, work in their chosen fields, knowing their art will be protected on the platform and misuses handled accordingly. Oh, and the 4nd case."
"Wait...4th case?"
"The student loan companies.
Biggest thing that holds any artist or college grad back from following their passions, loans for degrees they were convinced to get for jobs that didn't exist after they got them, or if they did, paid so little it didn't cover the costs of the education that was required to get them."
"What were the other two."
"Well, one's closed but I didn't take the credit for it because all I did was outline the plan."
"The other?"
"Still under investigation. But, have you visited the library yet? I wouldn't recommend it, it'll leave stain on your soul you won't be able to get rid of. But if you need to for work, or are just that morbidly curious, or a survivor looking for closure, it's there."
"You okay?"
"No, but getting better."
"I hear you."
"Yep, so, instead of the People bailing out the banks, the banks will be bailing out the people. Fair is fair."
"Why not put the screws to all of the banks?"
"Doing that would collapse the system, and I'm giving the rest the chance to, shape up so to speak."
"Elliot Ness huh?"
"Yeah, but not a Fed. An independent researcher and consultant. Which is what it takes to be Elliot Ness in today's world if you want people to trust I'm not doing this out of greed or to fuck them over."
https://youtu.be/omfz62qu_Bc