Burrito Now, Pay Later: DoorDash - Klarna Deal Feeds US Debt Addiction
Posted by freedomforall 3 weeks, 5 days ago to Humor
The reactions online to this 'deal' force me to classify this as 'humor.'
Excerpt:
"We've reported on many indications of a faltering US economy being propped up by debt, but our latest entry is particularly emphatic: DoorDash has inked a deal with Klarna that will let cash-strapped consumers pay for restaurant food, groceries and other delivery orders in four equal, interest-free installments, or "at a more convenient time, such as a date that aligns with their paycheck schedules."
...
“They’re called DoorDash Default Swaps.”
...
"So then they securitized all the DoorDash loans and sliced them into tranches to sell off to the banks
Rating agencies were slapping AAA on Chick-fil-A orders for credit scores under 500 who didn’t leave a tip"
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Build Back Better, eh?
Excerpt:
"We've reported on many indications of a faltering US economy being propped up by debt, but our latest entry is particularly emphatic: DoorDash has inked a deal with Klarna that will let cash-strapped consumers pay for restaurant food, groceries and other delivery orders in four equal, interest-free installments, or "at a more convenient time, such as a date that aligns with their paycheck schedules."
...
“They’re called DoorDash Default Swaps.”
...
"So then they securitized all the DoorDash loans and sliced them into tranches to sell off to the banks
Rating agencies were slapping AAA on Chick-fil-A orders for credit scores under 500 who didn’t leave a tip"
-----------------------------------
Build Back Better, eh?
/s
LOL
Making people sick... on credit!
MAHA.
Rating agencies were slapping AAA on ....... Watch the big equity companies, at present, for debt repackage as in the above.
The Fed and all the satellites need to collapse. I hope there is a plan for control. Too many variables for me to track with my tech.
I don't recall being bombarded with advertising for credit when I was young,
(and my parents did constantly emphasize why carrying debt could be unwise.)