What are they selling?

Did you cut the bottom of that off, where it said, "A fool and his money are soon parted."

 

Are those $99 payments per week, or per day?

After a customer delivers a cash payment, how long does it take the remote disable system to turn the car back on?

 

the u.s. government is currently investigating banks for going overboard on subprime auto loans. defaults are starting to become a concern.

 

The Bank of Steve is not a federally charted bank, so doesn't fall under federal jurisdiction. Anything of that sort would fall under the state attorney general's office, or the provincial equivalent.

On top of that, while his victimsXXXXXXXclientele are highly profitable, they are also very high maintenance. Many must be serviced face-to-face on a cash-only basis. Each day, he probably must remotely disable several vehicles, and wait for customers to bring in the cash to have their cars re-enabled. Thus, these 'loans' cannot practically be bundled and re-sold on Wall Street as the banks do with other loans.

 

It's a Dodge, Al!

 

thanks peg!