Bank Loan Game Rules …
In a world of corruption and endless corporate rip-offs, it’s hard to avoid becoming a victim to a clever con-trick of one kind or another. This game involves undisclosed Bank loans and irresponsible lending practices that devours people’s credit and seizes money by deception. It’s slick. But it’s only a game, and the ‘Perfect Sting’ is a doozy. The Rules:
	The rules of the game are documented in a myriad of government regulations made into law. The law is full of loopholes and corporations play by their own rules.
	A Bank is a money lending institution where people go to sign agreements with a promise to repay debt. Businesses can also sell Bank loans using ‘Off-site Loans Closings’ where people sign a loan application for what they buy.
	A tax shelter product is an investment that typically has a debt repayment component designed to qualify for a tax credit. Tax avoidance is the main feature, and a benefit for high income earners to consider an investment.
There are generally two parties behind tax shelter schemes. The first is the product provider that the investor enters the contract with. The second, almost invariably present, is a Bank that sells a structured derivative contract to the main product provider that exactly matches the benefits of the contract. The Bank represents an additional counter-party risk whereby the investors guarantee to repay any shortfall, or cover any default incurred by the investment product provider. As far as an investor sees it, the agreement to pay debt to a Bank is very much in the background as the legal contract and customer contact is all with the primary provider. All the debt creating documents are hidden in the small-print details of a contract. Once signed, the Bank uses the forms to create a loan in the investor’s name to fund the investment provider’s scheme.
	The objective of the Predatory Lending Game is to sell as many investments with as many undisclosed ~ signed Bank loans as possible … it’s way too easy. Just sign here, here, and, Oh! Game over … you lose.
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