Chapter 226:
When Lynch shamelessly uttered those words, even Mr. Fox felt that this guy was truly a... At the same time, he shuddered at the solution Lynch proposed.
The shudder came from deep within his soul because he knew that what Lynch suggested could indeed solve his problems.
As for helping them, he couldn't see it. All he saw was a capitalist standing in front of him, like a devil draped in human skin. At that moment, he thought of many famous capitalists who perhaps used similar methods to drain every last drop of blood from people.
Noticing the hint of shock in Mr. Fox's eyes and the slightly ironic look, Lynch smiled modestly, "I am not lying. I am not only trying to help them but also you, Mr. Fox.
"If someone borrows a thousand bucks from you and ends up having to sell their house to repay the principal and interest, what do you think will happen?"
As Lynch spoke, Mr. Fox began to ponder.
Such things were not unheard of in the finance company industry. They would lend money to their target groups without reminding them to repay on time, allowing the compound interest to balloon out of control until the borrowers had no choice but to sell assets coveted by the finance companies.
This tactic was mostly used in land acquisition.
When some capitalists showed interest in a particular piece of land, they might have had insider information or believed the land's value would rise significantly. To acquire the land, they often employed tactics to financially squeeze the landowner out of the business. These tactics included creating various traps and problems to push the landowner into a financial crisis, ultimately forcing them to sell the land.