Borrow too sweet
*Painful exit*

This is getting out of hand

3rdavefarms:


Ask your senators if they never approved them before the operation , is Nigeria that lawless? For an organization to transact with her citizen without the approval of the senate , do you get it? If not forget about it

Obviously,you don't know how anything about financial institutions in this country. I'll overlook your ignorance.

Dear Nigerians,

Let's be rational sometimes. It takes nothing to use your brain. Stop succumbing to emotional blackmailing and siding with stupid people. Ask yourself for a minute, how does it benefit the loan company if the debtor is pronounced dead... I expected a total condemnation of this dubious man who is trying everything humanly possible to evade repaying this loan. People need such loan money urgently for more pressing needs. This man is just going to make it hard for law abiding Nigerians to access this type of loan money.

Brendaniel:


I'm not supporting anyone, I'm only saying if it is true as the guy claimed, till we hear from the loan company...

descarado:

They do. Worst than the way they handle Nigerians.
They will beat you up and sieze your property. Disgrace the hell out of you.

That's bad oooo

faceland:


He is poor (borrowing money and can't pay), they are rich (giving him the loan). In Nigeria they would eat him in court. They would lock him up until he pays.

Lol

chatinent:
Oga, inasmuch as I don't support what they did, is it five days you are calling ordinary yet you cannot pay?

Ogbeni, go and pay your loan!

What if what they did to you was in their terms and conditions that you didn't read but agreed to?


After five days, you ghost them. Now dem don ghost you, you dey para.

Who still dey even patronise these scam loan apps!

Bro recall the five days accrues interest attached to it, so why disturb your peace while you pay for all their stress through interest at the time of payment.

faceland:


He is poor (borrowing money and can't pay), they are rich (giving him the loan). In Nigeria they would eat him in court. They would lock him up until he pays.

There is no where in the world any debtor is locled up for default
Worst case scenario is for the court to declare the person bankrupt
You can't even be arrested sef even in a lawless country like Nigeria

Yeyeoldman:
Dear Nigerians,

Let's be rational sometimes. It takes nothing to use your brain. Stop succumbing to emotional blackmailing and siding with stupid people. Ask yourself for a minute, how does it benefit the loan company if the debtor is pronounced dead... I expected a total condemnation of this dubious man who is trying everything humanly possible to evade repaying this loan. People need such loan money urgently for more pressing needs. This man is just going to make it hard for law abiding Nigerians to access this type of loan money.

Look, that is none of my business, if the man is lying let the loan company come and prove otherwise, imagine if you were lied against in your place of work, and you are aware of the lie, would you keep quiet and let everyone swallow the lie, your silence in such situation is like accepting that it is true, so it is you that should use your brain...

3rdavefarms:


Then who gave them all the access to your contact if Truely they were not authorized to run in the country , I doubt if yiu know they are fully registered with CAC AND ALSO PAID TAX TO FIRS wake up from your slumber man mii they can involve Efcc abs recover all those looted and relooted funds

lol you have no idea what you are talking about. Their apps are filled with spyware. When you download the app, they will lie that they need to collect some some information from your phone to establish your identity. Once you click allow, they will copy your contact list and store it. Once you fail to pay back, ( most times they will give you 5k and ask you to pay 8k in 7 days) they will start calling the numbers they stole from your phone and spoiling your name.
Soko loan is currently owing federal government 10m Nigerian government fined them 10m for doing illegal malicious business in Nigeria and spoiling Nigerian names. They did not pay. Nobody knows where they are. If government catch those idiots they will rot in prison that's why they hide their addresses

So he pay up the loan will the loan app revise the death rumour?
There are better ways of going about recovery of loan not to wish someone death.
Beside this death can never be in part of terms and conditions as you claimed.

[quote author=chatinent post=109287287]Oga, inasmuch as I don't support what they did, is it five days you are calling ordinary yet you cannot pay?

Ogbeni, go and pay your loan!

What if what they did to you was in their terms and conditions that you didn't read but agreed to?


After five days, you ghost them. Now dem don ghost you, you dey para.

Who still dey even patronise these scam loan apps![]So if he pay up the loan will the loan app revise the death rumour?
There are better ways of going about recovery of loan not to wish someone death.
Beside this death can never be in part of terms and conditions as you claimed.

So he pay up the loan will the loan app revise the death rumour?
There are better ways of going about recovery of loan not to wish someone death.
Beside this death can never be in part of terms and conditions as you claimed.
]Oga, inasmuch as I don't support what they did, is it five days you are calling ordinary yet you cannot pay?

Ogbeni, go and pay your loan!

What if what they did to you was in their terms and conditions that you didn't read but agreed to?


After five days, you ghost them. Now dem don ghost you, you dey para.

Who still dey even patronise these scam loan apps![/quote]

Talking about good old common sense... If precedence means anything to you, History have shown that debtors fake their death so they don't pay back money owed and in the course of history lenders have gone the extra ordinary length to prove that the supposed dead man is alive and living in another town/country with a new identity.

Why is this so difficult for you to comprehend? Let's say I owe you 50 million, how does you declaring me dead help you in the debt recovery? Am I not the one that is suppose to fake my death so I don't pay you or at least make it almost impossible for you to recover your money?

Ever heard of the word Cui Bono? "To whom is it to benefit"? This is a sure way to identify a suspect... Just ask yourself who benefits from all this... The answer my friend is the man who is rumored to be dead.

Brendaniel:


Look, that is none of my business, if the man is lying let the loan company come and prove otherwise, imagine if you were lied against in your place of work, and you are aware of the lie, would you keep quiet and let everyone swallow the lie, your silence in such situation is like accepting that it is true, so it is you that should use your brain...

Walkee:
lol you have no idea what you are talking about. Their apps are filled with spyware. When you download the app, they will lie that they need to collect some some information from your phone to establish your identity. Once you click allow, they will copy your contact list and store it. Once you fail to pay back, ( most times they will give you 5k and ask you to pay 8k in 7 days) they will start calling the numbers they stole from your phone and spoiling your name.
Soko loan is currently owing federal government 10m Nigerian government fined them 10m for doing illegal malicious business in Nigeria and spoiling Nigerian names. They did not pay. Nobody knows where they are. If government catch those idiots they will rot in prison that's why they hide their addresses

This is the same people that will threatened another for not paying up 5k loan and some people will open their hand and type that the borrower are the guilty ones.

Nigerians are used to poverty and hardship!

Yeyeoldman:
Talking about good old common sense... If precedence means anything to you, History have shown that debtors fake their death so they don't pay back money owed and in the course of history lenders have gone the extra ordinary length to prove that the supposed dead man is alive and living in another town/country with a new identity.

Why is this so difficult for you to comprehend? Let's say I owe you 50 million, how does you declaring me dead help you in the debt recovery? Am I not the one that is suppose to fake my death so I don't pay you or at least make it almost impossible for you to recover your money?

Ever heard of the word Cui Bono? "To whom is it to benefit"? This is a sure way to identify a suspect... Just ask yourself who benefits from all this... The answer my friend is the man who is rumored to be dead.

I'm speaking based on evidence given, the debtor here presented an evidence, I cannot just throw away his evidence till I hear from the loan company, same thing will happen in a court, even a thief can present evidence to prove he is innocent till there is evidence to prove he really stole something by the prosecutor, if the prosecutor is silent then how would the judge find him guilty, that is why all suspects are innocent until proven guilty by the court, as the law stands this man is innocent for this claim against the loan company till proven otherwise, Yes he is at fault for defaulting his loan which he agreed, but this claim has to be proven otherwise by the loan company...

I like the legal angle you taking this to... Have you ever heard of the phrase "Dismissed due to lack of merit". Now I don't want you to keep siding with the op. Taking a loan and refusing pay back already shows the character we are dealing with. He lacks credibility and he is obviously morally bankrupt and at such is capable of doing anything to blackmail the loan company. He is not worthy of the benefit of doubt you are giving him.

Remember in the Nairaland court of law we try to be as objective as we can be. If you look at his claim from a rational point of view, you'd quickly realize that the supposed dead man is just being clever by half. I will encourage you not to do any business with him. Do not contact him for any reason or fall for his attempt at garnering sympathy. Attempt to help him at your own risk

Brendaniel:


I'm speaking based on evidence given, the debtor here presented an evidence, I cannot just throw away his evidence till I hear from the loan company, same thing will happen in a court, even a thief can present evidence to prove he is innocent till there is evidence to prove he really stole something by the prosecutor, if the prosecutor is silent then how would the judge find him guilty, that is why all suspects are innocent until proven guilty by the court, as the law stands this man is innocent for this claim against the loan company till proven otherwise, Yes he is at fault for defaulting his loan which he agreed, but this claim has to be proven otherwise by the loan company...

Yeyeoldman:
I like the legal angle you taking this to... Have you ever heard of the phrase "Dismissed due to lack of merit". Now I don't want you to keep siding with the op. Taking a loan and refusing pay back already shows the character we are dealing with. He lacks credibility and he is obviously morally bankrupt and at such is capable of doing anything to blackmail the loan company. He is not worthy of the benefit of doubt you are giving him.

Remember in the Nairaland court of law we try to be as objective as we can be. If you look at his claim from a rational point of view, you'd quickly realize that the supposed dead man is just being clever by half. I will encourage you not to do any business with him. Do not contact him for any reason or fall for his attempt at garnering sympathy. Attempt to help him at your own risk

I get your point...

erniok:

That's why I said restructuring must be justified. It's almost in business cases where you are sure you'll get your money but it'll be delayed.
In the scenario you painted, it's salary advance that will do and any institution giving out salary advance would be assured that terminal benefits would be paid into that account. This is their cover. In case it's not assured, you can be given waivers to some certain percentage.Note default interest is normally stopped on such accounts pending recovery.
What the loan companies do is pure robbery, almost 300% p.a. and I have no atom of pity for them. They deserve everything they get.
On the issue of default rate, in a structured society like theirs, it's possible. What due process does the lain apps conduct before giving out a facility? None. Just download the app and get it. No questions asked so why won't they have high default rate. Why is it lower for money banks and not for them.

First, you want loan busineses to base their profitability on restructuring in an atmosphere where fraud is rampant with little to zero regulatory backing. You talk about due process but that is exactly what they follow, show me your source of income and references and they use it to qualify you. the problem with 9ja is that job stability is often a myth, high rate of turnovers means that the conditions for the loan might have been true at the origination but no longer applies 2, 3, 6 moths later. Rather than the applicant to update the loan company, they'll continue to evade and even play dead. For such scenarios, if you like restructure, shin shin the loan company no fit see!

You paint a good picture using terminal benefits but how many people are actually paid? Even those paid, how many are paid millions? The simple truth here is that the loan companies are operating in a high risk high reward atmosphere and if they all based their business model on restructuring or hypotheticals then they are simply NUTS! Your analysis of 300% p/a holds no weight since many businesses in 9ja often make more than that, e,g MTN, Dangote. The problem is not profitability, the problem is high risk, if I owned an insurance company I would be mad to insure such a business....lol.

abbey621:


Firstly, you want loan busineses to base their profitability on restructuring in an atmosphere where fraud is rampant with little to zero regulatory backing. You talk about due process but that is exactly what they follow, show me your source of income and references and they use it to qualify you. the problem with 9ja is that job stability is often a myth, high rate of turnovers means that the conditions for the loan might have been true at the origination but no longer applies 2, 3, 6 moths later. Rather than the applicant to update the loan company, they'll continue to evade and even play dead. For such scenarios, if you like restructure, shin shin the loan company no fit see!

You paint a good picture using terminal benefits but how many people are actually paid? Even those paid, how many are paid millions? The simple truth here is that the loan companies are operating in a high risk high reward atmosphere and if they all based their business model on restructuring or hypotheticals then they are simply NUTS! Your analysis of 300% p/a holds no weight since many businesses in 9ja often make more than that, e,g MTN, Dangote. The problem is not profitability, the problem is high risk, if I owned an insurance company I would be mad to insure such a business....lol.

First,ly, I'm talking about money deposit banks, transactions I've personally handled. Banks with structure and finance. Loans you restructure are normally those with perfected LM or lien deposit.
On salary advances, do you think banks give loans to any Tom,dick and Harry? Don't you know that every facility goes through risk assessment department that works to cover the banks exposure?
You say 300% interest rate is okay and I know this is out of sheer ignorance. What is the interest rate of banks, go find out. Why is it low. 100% is a no no talk more of +100% p.a. Even dangote that takes facilities last I know was around 18%pa. Do you think if it's 30% he'll take it, hell no. It means he's just working for the bank.
I'll appreciate it if we can discuss matters you're well conversant with.
Regards.

LZAA:

There is no where in the world any debtor is locled up for default
Worst case scenario is for the court to declare the person bankrupt
You can't even be arrested sef even in a lawless country like Nigeria

Okay, it is not a lockable offence but, I am talking of cell not prison. They would hold him until his family sells things for this freedom (in this lawless Nigeria).

For example, there is no where in the world were you are locked up (in cell) for walking around with a laptop and no receipt, but it happens in Nigeria. There is no where in the world were a new DPO would raid a business and say Sallah is near and no one came to visit him for protection, but it happens in Nigeria.

Worst case, they would transfer his case to another state where he would spend 10k for transport and 15k for lawyer until he get even more broke and doesn't show up for court (then get arrested again).

My point is, be careful when taken someone far richer than you to court.

erniok:

First,ly, I'm talking about money deposit banks, transactions I've personally handled. Banks with structure and finance. Loans you restructure are normally those with perfected LM or lien deposit.
On salary advances, do you think banks give loans to any Tom,dick and Harry? Don't you know that every facility goes through risk assessment department that works to cover the banks exposure?
You say 300% interest rate is okay and I know this is out of sheer ignorance. What is the interest rate of banks, go find out. Why is it low. 100% is a no no talk more of +100% p.a. Even dangote that takes facilities last I know was around 18%pa. Do you think if it's 30% he'll take it, hell no. It means he's just working for the bank.
I'll appreciate it if we can discuss matters you're well conversant with.
Regards.

No firstly, you were not talking about just money deposit banks....Get off that sh*t, this discussion revolves around loan companies, banks or non banks! Furthermore I don't appreciate your tone as you're spewing nonsense trying to make sense! In economics we have supply and demand, if there's high demand for a product or service, you can probably charge as much as you want, there's no difference here. In fact, you owe it to your stakeholders to do so. Until the Nigerian government steps up and puts some sort of regulation in place that limits the interest rates, it would be stupid for loan companies not to charge an arm or leg.

You're an adult, nobody forced you to sign for a loan you cannot afford, do you think a Dangote with lots of assets would patronize such loan companies? Forget am! These people cater to a certain group of people hence the high risk, I'll appreciate you get over yourself and argue based on substance instead of dribbling all over the place.

abbey621:


No firstly, you were not talking about just money deposit banks....Get off that sh*t, this discussion revolves around loan companies, banks or non banks! Furthermore I don't appreciate your tone as you're spewing nonsense trying to make sense! In economics we have supply and demand, if there's high demand for a product or service, you can probably charge as much as you want, there's no difference here. In fact, you owe it to your stakeholders to do so. Until the Nigerian government steps up and puts some sort of regulation in place that limits the interest rates, it would be stupid for loan companies not to charge an arm or leg.

You're an adult, nobody forced you to sign for a loan you cannot afford, do you think a Dangote with lots of assets would patronize such loan companies? Forget am! These people cater to a certain group of people hence the high risk, I'll appreciate you get over yourself and argue based on substance instead of dribbling all over the place.

Dribbling? You obviously have been doing that. Go back and read carefully what brought us here. You started with US as if such activities can take place there. Worst case scenario is repossession and not these nonsense we witness here like sending messages to your contacts calling you a criminal, tell me also that can happen in the states.. I had to download an app to read their t&c and in no place did they say they can call your contacts in the event of default or post your details online

You asserted 300% interest was okay since coy like dangote makes more than 100% profit and I had to let you know that you make 100% profit doesn't mean you take high interest loan. Moreover, these loans are for individual at crazy rates. No serious country would accept that for their citizens.

We talked about restructuring, using the money banks, I showed it can work with them too if only they carried out due diligence. What due diligence does these loan companies carry out? Zero,I repeat zero. No statement of account checks, no collateral and yet they are called loan companies. Read up lending criteria and see if these companies should even exist.

Note, high demand for products doesn't mean you can charge as much as you want. Countries like US have price gouging laws that takes care of that. Such things are for almost lawless country like Nigeria where even an agency like consumer protection council doesn't work.

In the western world, with all the outcry about the activities of the loan companies, actions would have been taken long ago.

You don't have to protect them by not mentioning their name please go ahead to mention their name and take a step further to litigate them and make them to pay for the error.Soko loan did similar thing and the person involved make them pay about 400m Tru a court process.some of this guy's are so very unethical and unprofessional.

erniok:


Dribbling? You obviously have been doing that. Go back and read carefully what brought us here. You started with US as if such activities can take place there. Worst case scenario is repossession and not these nonsense we witness here like sending messages to your contacts calling you a criminal, tell me also that can happen in the states.. I had to download an app to read their t&c and in no place did they say they can call your contacts in the event of default or post your details online

You asserted 300% interest was okay since coy like dangote makes more than 100% profit and I had to let you know that you make 100% profit doesn't mean you take high interest loan. Moreover, these loans are for individual at crazy rates. No serious country would accept that for their citizens.

We talked about restructuring, using the money banks, I showed it can work with them too if only they carried out due diligence. What due diligence does these loan companies carry out? Zero,I repeat zero. [s]No statement of account checks, no collateral and yet they are called loan companies. Read up lending criteria and see if these companies should even exist.[/s]

Note, high demand for products doesn't mean you can charge as much as you want. Countries like US have price gouging laws that takes care of that. Such things are for almost lawless country like Nigeria where even an agency like consumer protection council doesn't work.

In the western world, with all the outcry about the activities of the loan companies, actions would have been taken long ago.

It seems like you're confusing yourself, on one hand you don't want me to use the Western world as basis, on the other hand you mentioned in your last sentence how such lending practices would have been curbed a long time ago in the Western world. We can go back and forth but we are saying the same thing, absence of any regulatory confinement, these lending companies have not broken any laws and it is unfair to name them as greedy when all they are doing is following the number one rule of business....Make maximum profits for their share or stakeholders. The struck out portion of your statement is a BIG FAT LIE.....I won't even dignify that with a response!

Moving on, do you realize these are not only money deposit banks, these loan companies could be anyone from a wealthy individual to a group odf savvy businesses. High demand actually means you can charge as much as you want, price gouging does not mean what you think. For example, if companies continue to face rising costs of production, of operation etc, these costs must be factored into the product or price of services. No law can prevent such. In fact when it comes to financial institutions the court has left it up to individual states to determine the maximum allowed interest rates. In Georgia here it is less than 20% for loans less than $3000 but for anything more than $3000 the rate is unlimited, this drastically differs from California where $10,000 or less is capped at 10% interest but could go up to 36% when an exemption is granted.

All in all, these loan companies operate under the regulatory climate, if we don't want them to charge ridiculous rates then the government must regulate, you don't go after a business for following the law of the land just because you think they make too much money.....lol.

abbey621:


It seems like you're confusing yourself, on one hand you don't want me to use the Western world as basis, on the other hand you mentioned in your last sentence how such lending practices would have been curbed a long time ago in the Western world. We can go back and forth but we are saying the same thing, absence of any regulatory confinement, these lending companies have not broken any laws and it is unfair to name them as greedy when all they are doing is following the number one rule of business....Make maximum profits for their share or stakeholders. The struck out portion of your statement is a BIG FAT LIE.....I won't even dignify that with a response!

Moving on, do you realize these are not only money deposit banks, these loan companies could be anyone from a wealthy individual to a group odf savvy businesses. High demand actually means you can charge as much as you want, price gouging does not mean what you think. For example, if companies continue to face rising costs of production, of operation etc, these costs must be factored into the product or price of services. No law can prevent such. In fact when it comes to financial institutions the court has left it up to individual states to determine the maximum allowed interest rates. In Georgia here it is less than 20% for loans less than $3000 but for anything more than $3000 the rate is unlimited, this drastically differs from California where $10,000 or less is capped at 10% interest but could go up to 36% when an exemption is granted.

All in all, these loan companies operate under the regulatory climate, if we don't want them to charge ridiculous rates then the government must regulate, you don't go after a business for following the law of the land just because you think they make too much money.....lol.

Now I'm certain you are confused. Who never wanted you to use the western world as a basis of comparism. Point it out in my posts.
You said companies can make maximum profits based on demands and not the variables such as rising price of raw materials, rising operational costs, etc. You simply based it on demands and I pointed out price gouging laws that stops that and yes price gouging stops you from taking advantage of people simply based on high demand of your products. Keep shifting the goal post.
You struck out my posts and yet you never verified them, something that can easily be done. You are a confused clown and I'm done with your circus.

erniok:

Now I'm certain you are confused. Who never wanted you to use the western world as a basis of comparism. Point it out in my posts.
You said companies can make maximum profits based on demands and not the variables such as rising price of raw materials, rising operational costs, etc. You simply based it on demands and I pointed out price gouging laws that stops that and yes price gouging stops you from taking advantage of people simply based on high demand of your products. Keep shifting the goal post.
You struck out my posts and yet you never verified them, something that can easily be done. You are a confused clown and I'm done with your circus.

Guy I know baseless argument is in your blood so I'll try to wrap this up as simple as I can, this dicussion originated around defaulters not being labeled as fraudsters, I made mention of how it is done abroad and you highlighted the reason why it is different in 9ja hence I chose to focus on the Nigerian factors of high fraud, little to zero regulations etc. Your previous to last writeup seems to bring the discussion back to how the USA regulates financial institutions hence the criticism. If you feel that is a circus analysis then the joke is on you buddy!

I mentioned simple economic principle that allows companies to charge as much as they can for their services or products, I did not have to list every single factor.....come off it! We all know demand drives pricing, no matter the cost or the fancy marketing, if there is no demand, the product/service is dead. This much I know, even you cannot argue so let's stop the tomfoolery already. We both agree that the government is the only one that can curb the excessive interest rates and unfavorable lending practices, the only point of contention here is that you call the way the lending companies operate as greed while I call it their legal and fidicuary obligation to make as much profit as possible for their stake/shareholders. Any other basis of argument is nothing but ofutufete/vanity.....Na you dey fight yourself bro

abbey621:


Guy I know baseless argument is in your blood so I'll try to wrap this up as simple as I can, this dicussion originated around defaulters not being labeled as fraudsters, I made mention of how it is done abroad and you highlighted the reason why it is different in 9ja hence I chose to focus on the Nigerian factors of high fraud, little to zero regulations etc. Your previous to last writeup seems to bring the discussion back to how the USA regulates financial institutions hence the criticism. If you feel that is a circus analysis then the joke is on you buddy!

I mentioned simple economic principle that allows companies to charge as much as they can for their services or products, I did not have to list every single factor.....come off it! We all know demand drives pricing, no matter the cost or the fancy marketing, if there is no demand, the product/service is dead. This much I know, even you cannot argue so let's stop the tomfoolery already. We both agree that the government is the only one that can curb the excessive interest rates and unfavorable lending practices, the only point of contention here is that you call the way the lending companies operate as greed while I call it their legal and fidicuary obligation to make as much profit as possible for their stake/shareholders. Any other basis of argument is nothing but ofutufete/vanity.....Na you dey fight yourself bro

Simply quote where I said the western world should not be used as basis and there you are, going round and round in circles like one having epileptic seizure.
You also asserted that online loan apps carry out due diligence. They only need your name, BVN, 1or2 relations,state you are anything which they don't verify, bingo, you have a loan. No statement of account check, no address verification, no collateral, no guarantor. Something you could have verified but no, you just must have an opinion.

Spikes in demand doesn't mean you can charge as you want. Get that I to your thick skull. We are supposed to have consumer protection council to see to that. Over there you have price gouging laws and a simply Google would have shown you that it protects the citizens from being taken advantage of during spikes in demand.

Tell me your circus, maybe I'll come and watch you someday.

erniok:

Simply quote where I said the western world should not be used as basis and there you are, going round and round in circles like one having epileptic seizure.
[s]You also asserted that online loan apps carry out due diligence. They only need your name, BVN, 1or2 relations,state you are anything which they don't verify, bingo, you have a loan. No statement of account check, no address verification, no collateral, no guarantor. Something you could have verified but no, you just must have an opinion.[/s]

Spikes in demand doesn't mean you can charge as you want. Get that I to your thick skull. We are supposed to have consumer protection council to see to that. Over there you have price gouging laws and a simply Google would have shown you that it protects the citizens from being taken advantage of during spikes in demand.

Tell me your circus, maybe I'll come and watch you someday.

I'm done arguing with you, face your government and then come back and tell me what the law requires as due diligence. Your ignorance/frustration should be placed on your government not those going about their business!

abbey621:


I'm done arguing with you, face your government and then come back and tell me what the law requires as due diligence. Your ignorance/frustration should be placed on your government not those going about their business!

Yeah, the normal straw man arguement. Clown

erniok:

Yeah, the normal straw man arguement. Clown

Olodo....Stop using words you no sabi. Here's definition of straw man argument:

A straw man is a form of argument and an informal fallacy of having the impression of refuting an argument, whereas the real subject of the argument was not addressed or refuted, but instead replaced with a false one.

Unless you're saying government regulation is not the root cause of this issue I fail to see a logical link to straw man's argument . I told you I no longer want to argue with you but you just couldn't resist the last swipe could you?

abbey621:


Olodo....Stop using words you no sabi. Here's definition of straw man argument:

A straw man is a form of argument and an informal fallacy of having the impression of refuting an argument, whereas the real subject of the argument was not addressed or refuted, but instead replaced with a false one.

Unless you're saying government regulation is not the root cause of this issue I fail to see a logical link to straw man's argument . I told you I no longer want to argue with you but you just couldn't resist the last swipe could you?

Clown, check how you had to jump on my mention and all the rubbish you were typing. Things you had no knowledge of. Go back to the circus, you're needed there.