Business, Economics, and Taxes: Capitalism. Yay? >=(

[LynahFan]

You don’t say?

[dxmnkd316]

He's already planning for that. As he put it, anyone who goes out and spends the $30k after getting it is a moron. He's going to keep putting it in short-term CDs for now, just to keep up with the interest in the event he doesn't make it the full 3 years.

Your buddy sounds like he's not an idiot. Far from it.

[FadeToBlack&Gold]

I’ve heard nothing but bad things about working at UWM. I would hope there’s a clause in there for termination having to be for cause, because otherwise what’s to stop them from laying people off near the end to recoup the 30k?

He's already planning for that. As he put it, anyone who goes out and spends the $30k after getting it is a moron. He's going to keep putting it in short-term CDs for now, just to keep up with the interest in the event he doesn't make it the full 3 years.

[FadeToBlack&Gold]

IIRC, I think a duress claim in this country pretty much requires threat of bodily harm.

[dxmnkd316]

It is amazing how these criminal chodes self identify with such a crappy car. Like seriously Lambos stopped being cool when I was 13. Now every second MLM twat uses them to show how rich they are...

I'd rather have something like a ZR1, Z06, or something like that. I'm not even a corvette guy but at least they aren't as much of a douchemobile. Even a nice S-class or 7 Series would be better than a Lambo.

[Handyman]

He's building a house with a lazy river and a go kart track. Of course he has a Lamborghini picture.

It is amazing how these criminal chodes self identify with such a crappy car. Like seriously Lambos stopped being cool when I was 13. Now every second MLM twat uses them to show how rich they are...

[Drew S.]

I'm not sure that's what duress is. Sounds like moderate discomfort and squirming in his chair.

I also don't think you should ever sign a contract without a real lawyer advising you. "I'm sure the mortgage company will just give me a better payment if I can't afford it."

100% agree on the lawyer part.

I think a lot of getting the $30k back would have to do with whether he agreed to binding arbitration or not. If he agreed to that they would likely pursue it but if they had to go to court not sure they would.

[dxmnkd316]

I need to see this; what is his name?

I'm imagining 1988 Ralph Macchio with a combover.

Mat Ishiba

[Kepler]

So I found a picture of said billionaire. He looks exactly like I imagined. A 45-yo man who looks like he's both 45 and 25 at the same time. Just oozes creep.

I need to see this; what is his name?

I'm imagining 1988 Ralph Macchio with a combover.

[Spartanforlife4]

I’ve heard nothing but bad things about working at UWM. I would hope there’s a clause in there for termination having to be for cause, because otherwise what’s to stop them from laying people off near the end to recoup the 30k?

[dxmnkd316]

Most likely they hit the part of the MLM where they no longer are the scammed but are the scammers so now they "make money" by selling the same crap that was ripping them off earlier. Basic MLM guru BS that is all over Youtube. If he has a Lamborghini in any pictures he is 100% a scam guru.

He's building a house with a lazy river and a go kart track. Of course he has a Lamborghini picture.

[Handyman]

So I found a picture of said billionaire. He looks exactly like I imagined. A 45-yo man who looks like he's both 45 and 25 at the same time. Just oozes creep.

Anways, the Freep article about him is weird. Everyone complains then eventually almost enthusiastically endorses this project. Sounds like his lawyers got to them or they were paid off. The weirdest comments come from the planning commission. Just... bizarre stuff. I hope he dies penniless and in a ditch.

Most likely they hit the part of the MLM where they no longer are the scammed but are the scammers so now they "make money" by selling the same crap that was ripping them off earlier. Basic MLM guru BS that is all over Youtube. If he has a Lamborghini in any pictures he is 100% a scam guru.

[dxmnkd316]

I’m not a lawyer but I think they would have a hard time getting a judgment against him where he signed the agreement under duress. If he did have to pay back some of the ‘bonus’ it would likely be on a pro rata basis with no interest.

I'm not sure that's what duress is. Sounds like moderate discomfort and squirming in his chair.

I also don't think you should ever sign a contract without a real lawyer advising you. "I'm sure the mortgage company will just give me a better payment if I can't afford it."

[dxmnkd316]

Until recently we had been using P+ primarily on a Firestick with an older TV, which may very well have been the problem.

On another note, my wife has a friend who works as an underwriter for a well-known publicly-traded mortgage lender here in Michigan (not Rocket, the other one). He's been pulling a ton of 70-80 hour weeks lately as they have not been backfilling people who quit or get fired, and instead just pile their work on the people who remain. Here's the wild story. They were all recently presented with a commitment contract whereby they will be paid a lump sum of $30,000 now, in exchange for 3 years of service beginning 1/1/24. If they make it the full 3 years, they will receive a 20% raise and $25,000 in equity RSUs. However, if they resign or are terminated before the contract is up, they must pay back the $30,000 lump at 5% interest, and they are barred from receiving any raises for the duration of the 3-year commitment. He finally caved and signed it after management visited his office under the pretense of "clearing up any questions" he had about it, with a strong hint of "Would be a shame if you didn't take the deal."

Meanwhile, the CEO of this company recently bought an NBA team, and is building a 60,000 square foot mansion with its own private theme park, to include a go-kart track, a lazy river, and other excesses. His neighbors, hilariously, are not amused and have been complaining.

We really do need to eat the rich.

So I found a picture of said billionaire. He looks exactly like I imagined. A 45-yo man who looks like he's both 45 and 25 at the same time. Just oozes creep.

Anways, the Freep article about him is weird. Everyone complains then eventually almost enthusiastically endorses this project. Sounds like his lawyers got to them or they were paid off. The weirdest comments come from the planning commission. Just... bizarre stuff. I hope he dies penniless and in a ditch.

[Drew S.]

Until recently we had been using P+ primarily on a Firestick with an older TV, which may very well have been the problem.

On another note, my wife has a friend who works as an underwriter for a well-known publicly-traded mortgage lender here in Michigan (not Rocket, the other one). He's been pulling a ton of 70-80 hour weeks lately as they have not been backfilling people who quit or get fired, and instead just pile their work on the people who remain. Here's the wild story. They were all recently presented with a commitment contract whereby they will be paid a lump sum of $30,000 now, in exchange for 3 years of service beginning 1/1/24. If they make it the full 3 years, they will receive a 20% raise and $25,000 in equity RSUs. However, if they resign or are terminated before the contract is up, they must pay back the $30,000 lump at 5% interest, and they are barred from receiving any raises for the duration of the 3-year commitment. He finally caved and signed it after management visited his office under the pretense of "clearing up any questions" he had about it, with a strong hint of "Would be a shame if you didn't take the deal."

Meanwhile, the CEO of this company recently bought an NBA team, and is building a 60,000 square foot mansion with its own private theme park, to include a go-kart track, a lazy river, and other excesses. His neighbors, hilariously, are not amused and have been complaining.

We really do need to eat the rich.

I’m not a lawyer but I think they would have a hard time getting a judgment against him where he signed the agreement under duress. If he did have to pay back some of the ‘bonus’ it would likely be on a pro rata basis with no interest.