Quote:
Originally Posted by Rhotchkiss
Peter, gotcha. I dig. I still think the lending business, even with the chance to make money off sales of defaults, is too thin to be a succes as a stand-alone business.
Mike, I make no comment either way on the vault. Seems like a good enough place to store and display cards as any; although I like having mine close and taking them out and looking at them. Perhaps the lending is just a concomitant to the vault, and is all part of an integrated platform.
End of the day, Brent has done one heck of a job with pwcc. It’s hard to bet against that success (although I am dubious about the lending biz, as a stand-alone enterprise).
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Why is "the Vault" any more secure than a bank? Is it in some bunker ten feet deep under Oregon with ten levels of security clearance?
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Last edited by Peter_Spaeth; 01-28-2019 at 07:10 PM.
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01-28-2019, 07:09 PM
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