{"id":13069,"date":"2015-09-22T09:00:12","date_gmt":"2015-09-22T13:00:12","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=13069"},"modified":"2015-09-22T08:19:06","modified_gmt":"2015-09-22T12:19:06","slug":"want-a-better-loan-from-a-bank-rob-it","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2015\/want-a-better-loan-from-a-bank-rob-it\/","title":{"rendered":"Want A Better Loan From A Bank? Rob It!"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2015\/09\/092215_1216_WantABetter1.jpg\" alt=\"\" width=\"640\" height=\"435\" \/><\/p>\n<p>The Economist seemingly encouraged bank robberies, pointing out all the benefits they bring:<\/p>\n<ul>\n<li>After banks are robbed, loan officers sanction the same number of loans, but offer better terms for each loan.<\/li>\n<li>Interest rates are lower, and borrowers have 70% more time to pay the loans.<\/li>\n<li>They do require more collateral but for the honest bank thief who truly intends to pay back their loan this isn&#8217;t much of a problem.<\/li>\n<li>The reason seems to be that offering better loans means that nervous or traumatized loan officers have to spend less time haggling over terms with each new customer.<\/li>\n<li>The higher collateral means that loan officers also have to spend less time vetting customers.<\/li>\n<li>The effect is only seen when bank robberies are violent. <a href=\"http:\/\/www.centives.net\/S\/2015\/a-surprisingly-effective-way-to-rob-banks\/\">Non-violent<\/a> ones don&#8217;t lead to the same sort of traumatized avoidance behaviour.<\/li>\n<li>The effect lasts about 90 days.<\/li>\n<\/ul>\n<p>Read more about the study that found the effect, and other details <a href=\"http:\/\/www.economist.com\/news\/finance-and-economics\/21664151-after-armed-robberies-banks-give-out-loans-better-terms-crime-and-leniency?frsc=dg%7Ce\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.economist.com\/news\/finance-and-economics\/21664151-after-armed-robberies-banks-give-out-loans-better-terms-crime-and-leniency?frsc=dg%7Ce\">The Economist<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Economist seemingly encouraged bank robberies, pointing out all the benefits they bring: After banks are robbed, loan officers sanction the same number of loans, but offer better terms for each loan. Interest rates are lower, and borrowers have 70% more time to pay the loans. They do require more collateral but for the honest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2015\/09\/092215_1216_WantABetter1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/13069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=13069"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/13069\/revisions"}],"predecessor-version":[{"id":13072,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/13069\/revisions\/13072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/13068"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=13069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=13069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=13069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}