Major bank exec just dropped a line: consumer scene's looking shaky. Wait, so people can't just roll their buy-now-pay-later burrito bowl debt into some third-lien student loan at 29.95% anymore? Wild times when even the refinancing circus loses its magic.
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UnruggableChad
· 13h ago
Ha, is the consumer side about to collapse? Then how did these people survive before, what were they relying on?
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RumbleValidator
· 13h ago
Forget it, it's just another round of the old "consumer dilemma" trick. Those bank executives have already run those risk models to death, and now they're crying foul? The data is right here—BNPL default rates already peaked in Q2 2024, but they insisted on waiting until the tipping point to react. That efficiency... impressive.
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blockBoy
· 13h ago
Haha, really, is the consumer debt game getting another overhaul? This juggling act finally can't go on anymore.
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MEVHunter_9000
· 13h ago
LOL, now the debt "Ponzi scheme" can't keep going anymore. Looks like this farce is coming to an end.
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GasWaster
· 13h ago
lol so refinancing the refinancing finally caught up with reality? been there... remember when i yolo'd into that bridge during peak congestion? paid like 150 gwei just to move stables around. that's basically the same energy as stacking BNPL on student loans tbh
Major bank exec just dropped a line: consumer scene's looking shaky. Wait, so people can't just roll their buy-now-pay-later burrito bowl debt into some third-lien student loan at 29.95% anymore? Wild times when even the refinancing circus loses its magic.