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Online Loans Made In China Using Nude Pictures As Collateral

Posted by BeauHD on from the nothing-to-lose-but-dignity dept.

HughPickens.com writes: There is more than one way to get a student loan in China as People's Daily Online reports that many Chinese university students use their nude pictures as IOUs on online lending platforms, putting themselves at the risks of having everybody -- including their parents -- see them naked. Borrowers are also required to upload pictures of their ID cards and report their family information, including their address and cellphone numbers. "The nude photos will be made public if the borrowers fail to repay their debts with interest," an insider was quoted as saying. The credit varies based on the borrower's education background. Usually an undergraduate student can receive 15,000 yuan ($2,277) in credit, while those studying at famous universities as well as doctorate students can receive even larger loans. Snapshots of threatening collection messages have also gone viral, with a photo of a female borrower and a message reading how the lender would send the photo and her naked video footage to her family members if she could not pay back her 10,000 yuan borrowed on an annual interest rate of 24 percent within a week. "Naked IOUs started long ago. Not only university students but many others also borrowed money with nude pictures," says insider surnamed Zhang. Zuo Shenggao from Jingshi Law Firm says that nude photos are actually invalid as collateral in terms of laws. "Nude photos are not property. It is in the category of reputation rights," says Shenggao. "If anyone threatens to publish the photos online, they will violate the clients' reputation. At the same time, they are also spreading pornographic material. Both are illegal and they will commit double offense,"

118 comments

  1. Dignity? by Anonymous Coward · · Score: 0, Troll

    In China everyone has no dignity by default.

    1. Re:Dignity? by h33t+l4x0r · · Score: 1

      Huh? They have more dignity otherwise it wouldn't work. Or maybe it's body shame.

    2. Re:Dignity? by msauve · · Score: 2

      There are lots of nekkid pictures on the Internets. I'd send them one, if they were happy to put it on a web page instead of me paying them back for a loan.

      --
      "National Security is the chief cause of national insecurity." - Celine's First Law
    3. Re:Dignity? by Tuidjy · · Score: 1

      I'd say they have too much of it, for being bothered by such things.

      This is something that is simply outside of my frame of reference. Speaking for myself:
      1) I cannot fathom why anyone would be interested in a picture of me, naked, and I do not think that I am particularly unattractive.
      2) I do not remember a time where I would have been bothered by people seeing a naked picture of mine, especially one as demure as standing there and holding an ID card. There was a time, after breaking a few ribs, and gaining 15 pounds really quickly, I actually took a picture of myself, bare chested, or rather bare bellied... I still keep it, to remind myself what happens when I get out of shape. But I make no secret of it, my wife knew of it before she married me, and she's been telling the story...
      3) It is beyond trivial to take a picture of yourself, holding your ID, naked or clothed, and combine it with a picture of a naked body that no one who knows you will think is yours. Sure, you have to mess with the image afterwards to erase the most common telltales... a google or two will teach you enough.
      4) I know models who get paid less for photoshoots I find more embarrassing than a simple naked picture.

      --
      No good deed goes unpunished...
    4. Re:Dignity? by ShanghaiBill · · Score: 5, Interesting

      There are some big cultural differences about nudity between America and China. The Edison Chen Photo Scandal destroyed the careers of several Chinese and Hong Kong actresses. In America it is the opposite: nude photos/videos generate publicity and boost careers. Paris Hilton became famous and made millions after her sex tape went public. Vanessa Hudgens was stuck in teenybopper roles until her nude selfies made her seem ready for mature roles.

    5. Re:Dignity? by jrumney · · Score: 1

      Sounds like a good way to get free money... until you realise that anyone who would run a loan scheme with voluntary extortion as the collateral is probably not going to stop at that to get their money back.

    6. Re: Dignity? by Anonymous Coward · · Score: 0

      There are also lots of niggers. So fucking what?

    7. Re: Dignity? by PopeRatzo · · Score: 0

      There are also lots of niggers.

      Trump 2016

      --
      You are welcome on my lawn.
    8. Re:Dignity? by msauve · · Score: 1

      "voluntary extortion"

      Oxymoron.

      --
      "National Security is the chief cause of national insecurity." - Celine's First Law
    9. Re:Dignity? by Applehu+Akbar · · Score: 1

      What would prevent a borrower from photoshopping a different, much better body onto his/her head?

    10. Re:Dignity? by mark-t · · Score: 1

      I saw what you did there.

      --
      File under 'M' for 'Manic ranting'
    11. Re:Dignity? by WarJolt · · Score: 1

      I'm thinking this would not work in the US. Who doesn't have a naked photo of themselves floating around?

    12. Re: Dignity? by Anonymous Coward · · Score: 0

      Trump is what you deserve.

    13. Re: Dignity? by Anonymous Coward · · Score: 1

      As someone who doesn't live in the US it is going to be a bit entertaining when Trump becomes president and all Trump supporters realized that they were the cucks all the time.
      Some of them really thinks that they will be spared when Trump screws everyone over or that they somehow will benefit form it.
      I am SO going to enjoy the look on their faces when they figure out what Trump is about.

      I am looking less forward to the shitstorm that Trumps international politics will lead to, there is a reason the Russians likes him.
      But hey, that is pretty much unavoidable so I'm just going to have to enjoy the few things I can about the whole situation.

    14. Re:Dignity? by jandersen · · Score: 1

      In China everyone has no dignity by default.

      A word of advice: Spewing out this kind of braindead prejudice only serves to tell the world that you are too stupid or too lazy to actually learn something new and engage in intelligent discussions. It may work in your local boozer, after a few pints, of course.

    15. Re: Dignity? by Anonymous Coward · · Score: 0

      I think that's the US you're thinking of

    16. Re: Dignity? by Anonymous Coward · · Score: 0

      U mad bro?

    17. Re: Dignity? by Anonymous Coward · · Score: 0

      As someone who doesn't live in the US it is going to be a bit entertaining when Trump becomes president and all Trump supporters realized that they were the cucks all the time.
      Some of them really thinks that they will be spared when Trump screws everyone over or that they somehow will benefit form it.

      No, the majority will continue to rationalise it as they always have done when voting for people it's obvious (to any impartial observer) are against their interests.

      I am looking less forward to the shitstorm that Trumps international politics will lead to, there is a reason the Russians likes him.

      For someone who likes to paint foreigners as a threat with his puffed-up, overblown rhetoric, isn't it particularly disgusting how susceptible he was to Putin very crudely playing on his narcissism?

      If there's one person any would-be US leader *should* be treating as a threat and standing up to, it's Putin, yet this egotistical oaf starts acting like they're best mates because the Russian leader threw a few scraps of flattery his way. They must be laughing up their sleeves at him.

    18. Re:Dignity? by ceoyoyo · · Score: 1

      Kids are stupid. Most adults too.

      I imagine if you don't bow to the pressure from the nudes, say because they're not actually of you, they send the usual goon around to encourage you to pay. But sending a picture to your mom is much lower effort. If it convinces a few people to pay up it's worth it.

    19. Re:Dignity? by Anonymous Coward · · Score: 0

      A word of advice: lecturing people who are obviously writing flamebait on the Internet makes you sound like an incorrigible idiot and a bit of a wanker.

    20. Re:Dignity? by jandersen · · Score: 1

      I stand corrected, thereby disproving at least part of your statement.

    21. Re:Dignity? by peawormsworth · · Score: 1

      I think it would work when the photos are sent to your family members with a note saying: "This is what we will make public, with more to come, including video, if you do not pay."

      The debt would suddenly become an extended family matter. Those interested parties may be more likely to pay the debt of their nude relative to avoid the negative consequences or shame to them personally by association.

      When someone cannot pay debt, they usually know someone who can pay if they only make themselves appear desperate enough. But I am only guessing.

  2. This is Slashdot, so... by 93+Escort+Wagon · · Score: 5, Funny

    Pics or it didn't happen!

    --
    #DeleteChrome
    1. Re:This is Slashdot, so... by Anonymous Coward · · Score: 0

      93 Escort Wagon? What a piece of shit. Spent more on repairs in 5 years than the fucking thing cost to buy from the dealer. Pity, because it was such a great little utility car

    2. Re:This is Slashdot, so... by 93+Escort+Wagon · · Score: 1

      Sounds like I've had significantly better luck with my car than you did with yours.

      --
      #DeleteChrome
    3. Re:This is Slashdot, so... by PopeRatzo · · Score: 1, Interesting

      I've got a '95 Escort Wagon with 43,000 miles on it. One of the best cars I've ever owned. Old enough to vote, and the last major expense I had to sink into it was adding freon to the AC and a new set of tires in 2014. Looks like new except my wife put a little crack in the back bumper during a snow storm last year backing out of our parking spot in the alley. And I'm the second owner. It has zero resale value, which is just how I like 'em. I could practically leave the keys in the damn thing and not have to worry.

      In Illinois, a car that old doesn't need to have emissions testing either, so I save money there. My wife gets new cars. I love my '95 Escort. I don't drive very much, but last year I took that car from Chicago to Connecticut and back. Not so quick over the hills in Pennsylvania, but it got me there. And it's so nondescript that cops leave me completely alone. I don't even get stopped for driving while old the way I do when I drive the wife's Audi.

      --
      You are welcome on my lawn.
    4. Re:This is Slashdot, so... by Anonymous Coward · · Score: 0

      I used to work at a well known auto repair shop. Needless to say, our service bays were mostly full of Fords. In a way Ford bought me my first house and retirement at age 50. Strange, because I used to be a Ford fan/owner, but after about 1975 they turned into shitboxs.

    5. Re:This is Slashdot, so... by armanox · · Score: 1

      My father (a lifelong ASE Certified Automechanic), when asked what he thought about Fords, once told someone, "I love them" and the person began to grin, then he followed with "They break often, they're easy to work on, and the parts are easy to get." Which is rather humorous to me anyway, since I've had rather good luck with my Fords (89 Mustang had 405K miles on it when we parted, 88 Mustang currently has about 275K, and the 99 Mustang has about 260K).

      --
      I'm starting to think GNU is the problem with "GNU/Linux" these days.
    6. Re:This is Slashdot, so... by Nethead · · Score: 1

      I hear you Ratzo. My old '98 Volvo V70 wagon with ham radio plates is damn invisible to cops. Bought it for $1700 with a few minor dents and have put about 50K miles on it now. One of the most comfortable cars I've ever owned even at 200k+ miles, just getting broken in for a Volvo. Much nicer to drive than my old '89 Ranger with 430K miles on it.

      Don't get me wrong, I love driving a new car but I let the company pay for the rental when I travel. But buy a new car? No, much better things to do with that much cash.

      --
      -- I have a private email server in my basement.
    7. Re:This is Slashdot, so... by dbIII · · Score: 1

      A car from 1995 is old?

    8. Re: This is Slashdot, so... by Anonymous Coward · · Score: 0

      Practically leave the keys in it? Shit, I do leave the keys in all my cars. You might want to consider moving to some place where crime isn't an issue. I also don't lock my house either.

    9. Re: This is Slashdot, so... by Anonymous Coward · · Score: 0

      The 1% is targeting areas like yours for "diversification" with ragheads and dindus.

      Enjoy your whitetopia while it lasts.

      Trump 2016.

    10. Re:This is Slashdot, so... by jblues · · Score: 1

      Wow your Ranger has been to the moon and back.

      --
      If it acquires resources on instantiation like a duck, then its a shared_ptr<Duck>
    11. Re:This is Slashdot, so... by reboot246 · · Score: 1

      If your '95 Escort is anything like the old Escort I owned, you'll be putting a new timing belt on it at 50,000 miles. In fact, you can look forward to buying one every 50 thousand miles. You're just not there yet.

      It was a baby blue Escort station wagon. I could have left it idling downtown and nobody would have stolen it. Even car thieves have standards.

      But I wish I still had my Ford Fiesta. What a fun car to drive!

    12. Re: This is Slashdot, so... by Type44Q · · Score: 1

      ...just getting broken in for a Volvo.

      I'm afraid that only applies to the old RWD Volvos (the 940 Turbo being the stoutest of them all); the newer mass-produced FWD and AWD stuff is junk.

    13. Re:This is Slashdot, so... by Anonymous Coward · · Score: 0

      A car from 1995 is old?

      Hell, a PERSON from 1995 is old...

    14. Re:This is Slashdot, so... by Anonymous Coward · · Score: 0

      To be fair, timing belts ARE a regular maintenance item. If you don't want to deal with that, get a timing chain. Of course, they still eventually go bad, except they are 100000000000% harder to change, and if they snap before you get to change it, new engine time.

    15. Re:This is Slashdot, so... by Coren22 · · Score: 1

      21 is old? God, I am ancient.

      --
      APK likes to ask for responses to the same things over and over. Maybe he just likes the responses?
    16. Re: This is Slashdot, so... by Anonymous Coward · · Score: 0

      Pedo. ^

  3. Pics or it didn't happen by Anonymous Coward · · Score: 1

    n/t

  4. What's to stop people sending fake pictures? by BitterOak · · Score: 4, Interesting

    What's to stop someone from sending a random nude pic they get from the Internet? I see that they also need to upload an ID card, but since it's being sent electronically, it would be trivial to replace the photo in the image of the ID card with the face of the person in the nude pic. It doesn't sound like a very reliable way to secure a lone. And there are some people who just don't care who sees them naked. If that weren't the case, there'd be no pornography industry. This really doesn't sound like a good business model.

    --
    If I can be modded down for being a troll, can I be modded up for being an orc, or a balrog?
    1. Re:What's to stop people sending fake pictures? by Anonymous Coward · · Score: 0

      You are thinking of this like a westerner. I expect Chinese culture has a different view on this. Equally, Chinese buildings typically have a 13th floor unless they've become westernized and they would be equally confused with a loan secured on the collateral of renumbering your hotel floors to "13th floor A" to "13th floor Z".

    2. Re:What's to stop people sending fake pictures? by ras · · Score: 1

      What's to stop someone from sending a random nude pic they get from the Internet?

      From the linked article:

      a clear photo of a naked borrower holding his or her ID card is uploaded to lenders,

    3. Re:What's to stop people sending fake pictures? by Anonymous Coward · · Score: 0

      So just send them one that has already been released by a different company.

    4. Re: What's to stop people sending fake pictures? by _merlin · · Score: 2

      They have 13th floors, but they often don't have room 4, room 14, room 24, etc. because the Chinese words for "four" and "death" sound similar.

    5. Re:What's to stop people sending fake pictures? by techno-vampire · · Score: 1

      And there are some people who just don't care who sees them naked. If that weren't the case, there'd be no pornography industry. This really doesn't sound like a good business model.

      True. And I'm sure that there are people who wouldn't mind having random strangers looking at their naked body as long as there's no way to identify them, but would be horribly embarrassed if anybody they knew saw the pictures, or they were showing their ID so that people could find out who they were and possibly harass them.

      --
      Good, inexpensive web hosting
    6. Re:What's to stop people sending fake pictures? by jrumney · · Score: 1

      Chinese buildings typically have a 13th floor

      In fact they like it so much, they often have a 13A floor as well. But seriously folks, do American buildings really skip the 13th floor? I don't recall seeing that sort of superstition in the West for a long time (in China it is more common, but with different numbers and for obvious linguistic reasons rather than pure superstition with no basis in anything).

    7. Re:What's to stop people sending fake pictures? by Shados · · Score: 1

      I haven't seen many residential or office buildings lacking a 13th floor, but it is -very- common for hotels to skip it.

    8. Re:What's to stop people sending fake pictures? by FlyHelicopters · · Score: 1

      But seriously folks, do American buildings really skip the 13th floor?

      Some do... I've seen enough that it is a "thing" some places...

    9. Re:What's to stop people sending fake pictures? by Anonymous Coward · · Score: 0

      Even if the photos or ID cards were PS, they wouldn't get any money because the people running this kind of black market loans has or knows someone who works in the police department to verify the information.

      I have a uncle who does something similar to this, but have the debtor sign a legal contract to put their house or car down as collateral. If the debtor can't pay then they must hand over whats on the contract. If they don't they might get beat up on spot and taken to the bank to with draw some money or all the money they own. If they doesn't work out then the debtor gets taken to court where they will lose since they have a binding contract. If the debtor tries to run then depending on who they know in the police department they can put an arrest warrant on this person or track them when every the debtor uses their ID either for travel, hotel, opening banking account, etc. Depending oh how much they own they might send some people to go collect the debt. If the debtor stay low or travels oversea they just wait until they pop up in the system then go collect.

    10. Re:What's to stop people sending fake pictures? by Hognoxious · · Score: 1

      I worked in one for a while that had a 13th floor, but there were no offices on it. It was full of heat exchangers and stuff like that.

      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    11. Re:What's to stop people sending fake pictures? by cbhacking · · Score: 1

      My office has no floor numbered 13. It's not a new building, but it's not ancient either (practically nothing in Seattle is, although this building is probably older than most of them).

      --
      There's no place I could be, since I've found Serenity...
    12. Re:What's to stop people sending fake pictures? by AmiMoJo · · Score: 1

      It's probably lucrative enough to offset any fraud of this type, and maybe the loan sharks know how to use Google's reverse image search.

      Actually, I bet they are organising these loans through QQ or a similar social media platform. In which case they can probably see the applicant's public photos and friends, so the amount of effort required to create a fake ID increases.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    13. Re:What's to stop people sending fake pictures? by toonces33 · · Score: 1

      That was my first thought. Someone elses photo with a faked ID. Profit!

    14. Re: What's to stop people sending fake pictures? by GLMDesigns · · Score: 1

      And hotel room numbers often start with 8 as 8 is good luck.

      You can be room 14 on the 6th floor and instead of 614 the room will be 8614.

      --
      If you're scared of your govt then you need to further restrict its powers
      Vote 3rd Party in 2016 and beyond
    15. Re:What's to stop people sending fake pictures? by mrchaotica · · Score: 1

      But seriously folks, do American buildings really skip the 13th floor?

      The one I work in does. At least, the elevator skips 13. I don't know if there's a mechanical floor immediately above 12, or if the "14th" floor (and all floors above) are just mislabeled.

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    16. Re:What's to stop people sending fake pictures? by Britz · · Score: 2

      Asia has a different culture. Different prudency. It's a much bigger deal over there than it is over here.

      Which is, btw. why the CIA torture methods used in Abu Ghraib weren't recognized as such. They finly tuned their methods to the local culture, which is a lot more prudent than Western culture. Taking pictures of the naked men piled up may have been worse than amputations for them. Needless to say, this is further prove that the torture wasn't some lower guard guy's idea. There was no justice.

    17. Re:What's to stop people sending fake pictures? by ceoyoyo · · Score: 1

      Sure. I have a friend who lives in a high rise with no thirteenth floor.

    18. Re: What's to stop people sending fake pictures? by slew · · Score: 1

      And hotel room numbers often start with 8 as 8 is good luck.

      Technically the reason 8 (ba, or baat in Cantonese) is considered auspicious is that it sounds like wealth (fa or faat) or 100 (baak in cantonese). For those that consider luck synonymous with wealth that is a reasonable approximation.

      You can be room 14 on the 6th floor and instead of 614 the room will be 8614.

      I have only heard of one hotel that actually does that, but I have seen rooms numbered so they skip "4"s.

      Also, several skyscrapers in Hong Kong don't number a 4th, 13th, or any floors from 40-49th in a combination of Tetraphobia and Triskaidekaphobia as 4 (si or sei) sounds a bit too much like death (si or sei) and there are quite a few Christians in Hong Kong as well.

    19. Re: What's to stop people sending fake pictures? by GLMDesigns · · Score: 1

      Thx. You're correct. My example included a 4. That wouldn't happen. Wasn't thinking.

      I've seen the 8 prefix on hotels both in Hong Kong (Cantonese) and in Shanghai (Mandarin/Shanghainese)

      --
      If you're scared of your govt then you need to further restrict its powers
      Vote 3rd Party in 2016 and beyond
  5. God forbid my parents see me naked by melted · · Score: 5, Funny

    They haven't seen me naked before.

    1. Re:God forbid my parents see me naked by geoskd · · Score: 4, Funny

      God forbid my parents see me naked

      Or my wife... That could end my marriage

      --
      I wish I had a good sig, but all the good ones are copyrighted
    2. Re:God forbid my parents see me naked by Anonymous Coward · · Score: 0

      Exactly. And further, I've seen your mom naked so that makes it even less of a big deal.

    3. Re:God forbid my parents see me naked by Anonymous Coward · · Score: 0

      I heard your wife sees melted naked regularly.

    4. Re:God forbid my parents see me naked by Anonymous Coward · · Score: 0

      Wait, you're married? Wrong forum. Go post somewhere else!

  6. So, when the inevitable happens... by MiniMike · · Score: 4, Insightful

    So when someone hacks in to the lenders server, steals the pictures, and posts them (which will undoubtedly happen) will the loans be forgiven?

    1. Re:So, when the inevitable happens... by rastos1 · · Score: 1

      No. But if the borrower fails to repay, they will post the pictures AGAIN!

  7. Cultural differences by rmdingler · · Score: 1
    If this was in many US neighborhoods, it would be viewed as a one-off shot at some quick money.

    Naked pics for a personal loan is a way better deal than a car title loan.

    --
    Happiness in intelligent people is the rarest thing I know.

    Ernest Hemingway

    1. Re:Cultural differences by ColdWetDog · · Score: 1

      The people of Wal-Mart would like to talk to you about this interesting idea.

      --
      Faster! Faster! Faster would be better!
    2. Re:Cultural differences by rmdingler · · Score: 1
      ohhhhh...

      Cautionary tale: some things you cannot unremember.

      --
      Happiness in intelligent people is the rarest thing I know.

      Ernest Hemingway

  8. Re:HughPickens.com by rmdingler · · Score: 1
    No.

    Clearly.

    --
    Happiness in intelligent people is the rarest thing I know.

    Ernest Hemingway

  9. Simple way around that law by Anonymous Coward · · Score: 1

    Provide a file locker service for a relatively high fee, say $250 for 5 years of service (this way nobody uses it except those using this scheme, but they could if they wanted to). The client encrypts the data and uploads it to the file locker themselves. They upload the key separately and set the time themselves for when the key file will be released and the server will autodecrypt the files.

    Once this is complete and the loan arranger is satisfied with the files and the time selected, the funds are disbursed. The file locker fees are deducted from the amount owing on the loan.

    The client chose to upload the items and chose the time they would be decrypted, and provided the decryption key. The client is spreading the pornographic material as they uploaded it to the file locker service which allows any customer to upload anything and has mouse text that says they disallow pornography.

  10. y'all are missing a potential use by some... by Anonymous Coward · · Score: 1

    There are people who should never, ever, have a naked picture of themselves made publicly available. The rest of us would band together and pay off their loans ourselves, just to avoid that calamity.

    There are things you can never unsee...

    1. Re:y'all are missing a potential use by some... by hyades1 · · Score: 1

      Please delete this comment. I'm just about to apply for a loan. ;-)

      --
      I've calculated my velocity with such exquisite precision that I have no idea where I am.
  11. This is the future... by Anonymous Coward · · Score: 0

    Republicans want for us all.

    1. Re: This is the future... by Anonymous Coward · · Score: 0

      They're not whole people.

    2. Re: This is the future... by Anonymous Coward · · Score: 0

      This is something every human has the right to know.

  12. if that's all by no-body · · Score: 1

    to no longer pay a loan back, that's pretty cheap, I'd say...

  13. Sign me up! by Anonymous Coward · · Score: 0

    I'm a 40-something male who likes beer. A lot.

    I'll take the money, and the joke's on them if they want to post a hairy Jabba the Hut in retaliation.

    1. Re:Sign me up! by Anonymous Coward · · Score: 0

      You sir qualify for the jumbo loan.

  14. i will do it for 1 million dollars by FudRucker · · Score: 1

    and i will take that money and disappear too

    --
    Politics is Treachery, Religion is Brainwashing
    1. Re:i will do it for 1 million dollars by Anonymous Coward · · Score: 0

      Off to some other country where people don't care.

  15. I wonder... by Camel+Pilot · · Score: 4, Funny

    I wonder how big a loan the goatse.cx guy forfeited on.

    1. Re:I wonder... by sinij · · Score: 4, Funny

      I wonder how big a loan the goatse.cx guy forfeited on.

      Well, he certainly get reamed for stretching the payments.

    2. Re:I wonder... by Anonymous Coward · · Score: 0

      tubgirl?

  16. Jumbo loans by goombah99 · · Score: 2

    You think that's undignified? For a Jumbo Loan they require a Goatse pose.

    --
    Some drink at the fountain of knowledge. Others just gargle.
    1. Re: Jumbo loans by Anonymous Coward · · Score: 0

      Finally it's relevant to point out that Asian women generally have very small breasts. Sad because they are otherwise an attractive people. Also Asian men tend to have small penises. Somehow, they are a people of smaller-than-average sex organs.

    2. Re: Jumbo loans by Anonymous Coward · · Score: 0

      Attractive? Their faces look they were smashed in with a sledge hammer. Lemme guess you own and are a huge fan of pugs?

  17. money by over_optimistic · · Score: 1

    easy money for a hooker in school

  18. Twice? by tsotha · · Score: 1

    Both are illegal and they will commit double offense.

    So... both kidneys?

  19. Incorporate in Delaware? by fyngyrz · · Score: 2

    Well, what I want to know is if I can buy some of this bad debt at a discount. You know. Because, uh, financial responsibility is something nudeful^wneedful in society. And, uh, because, maybe I can be like Jon Oliver, you know, and like, um, "forgive" the debts. Just because I'm a nice guy, y'see.

    --
    I've fallen off your lawn, and I can't get up.
  20. That's awful! by Anonymous Coward · · Score: 0

    That's so awful! But, where would they put these pictures of nude female Chinese university students? Where, specifically, so that I know to avoid it?

  21. Faaaaaake by DNS-and-BIND · · Score: 3, Insightful

    There are a constant stream of fake stories out of Chinese media on a daily basis. This smells just like one of them. Wait for the retraction in a few days. In the meantime, shame on Slashdot for posting obvious crap. Let this kind of shit stay on TMZ and Gawker where it belongs.

    --
    Shutting down free speech with violence isn't fighting fascism. It IS fascism!
    1. Re:Faaaaaake by axewolf · · Score: 1

      That's not in line with their agenda of shaping our perception of China, Russia, and North Korea as backwards lands full of idiots that we are clearly better than.

    2. Re:Faaaaaake by Anonymous Coward · · Score: 0

      There are a constant stream of fake stories out of Chinese media on a daily basis. This smells just like one of them. Wait for the retraction in a few days. In the meantime, shame on Slashdot for posting obvious crap. Let this kind of shit stay on TMZ and Gawker where it belongs.

      So possibly a incoming crackdown on "illegal" money lending in China...

    3. Re:Faaaaaake by Anonymous Coward · · Score: 0

      Well, one can observe who posted it. Observe significantly more posts/news and you'll notice that the poster has higher disinformation level than average poster.

    4. Re:Faaaaaake by Anonymous Coward · · Score: 1

      Not in the People's Daily. It is the official newspaper of the Communist Party, and always takes the government line. The government has been trying to crack down on fake stories and rumours, including jailing people found guilty of publishing false rumours, so the People's Daily is highly unlikely to print such.

    5. Re:Faaaaaake by Anonymous Coward · · Score: 1

      You're right. How could one possibly doubt the Official Government Newspaper of the Communist Party of the People's Republic of China.

    6. Re:Faaaaaake by Anonymous Coward · · Score: 0

      Those Chicoms and Norks sure are dumb!

      China IQ = 101
      Taiwan = 104
      Singapore = 105
      Hong Kong = 107

      North Korea IQ = 105
      South Korea IQ = 106

      Iceland IQ = 99
      Finland (home of Linux) IQ = 97 (97? You might want to port your tablet to Tron)
      Poland IQ = 99
      Germany IQ = 98
      Sweden IQ = 98
      France IQ = 98
      United States IQ = 98

    7. Re:Faaaaaake by Anonymous Coward · · Score: 0

      China IQ = 101
      Taiwan = 104
      Singapore = 105
      Hong Kong = 107

      North Korea IQ = 105
      South Korea IQ = 106

      Iceland IQ = 99
      Finland (home of Linux) IQ = 97 (97? You might want to port your tablet to Tron)
      Poland IQ = 99
      Germany IQ = 98
      Sweden IQ = 98
      France IQ = 98
      United States IQ = 98

      Did you just type up the numbers that you thought fit your argument or do you have a source for those numbers?

  22. One Word... by footNipple · · Score: 1

    Genius! :-)

  23. Sunny Leone by invictusvoyd · · Score: 1

    Loan denied

  24. Won't work by Anonymous Coward · · Score: 0

    ... Using Nude Pictures As Collateral

    In the Westernized countries, young people do this for free. So it won't translate.

    Even in China, I doubt the demand for naked men is high, so the social cost of defaulting is low. After a Chinese woman's gotten married and pushed out her one child, she's got less 'reputation' to protect: Everybody knows what she has done. A number of women will think a little indignity for a loan default is a good deal.

    I doubt the debt is erased because some nudie photos were posted online. This is just an internet version of breaking your leg.

  25. Not property? by Anonymous Coward · · Score: 0

    I can't make any sense of this. Is a photo of a naked human not something you are allowed to own in China? I understand they might have cultural taboos(*) or even laws that restrict publishing such a photo, but how is it not property?

    (*) Btw can anybody explain to me in a rational way what harm is done if people see you naked? I just don't get it.

    1. Re:Not property? by GLMDesigns · · Score: 1

      People tend to avoid embarrassment and humiliation. Different people find different things to be embarrassing. You may not care if your nude photos are published. Others would care.

      --
      If you're scared of your govt then you need to further restrict its powers
      Vote 3rd Party in 2016 and beyond
  26. I don't care if anybody sees me naked by Anonymous Coward · · Score: 0

    Where do I sign up?

  27. Illegal? by rew · · Score: 1

    > Both are illegal and they will commit double offense
    Ehh. Yeah, so what is different from the older tactic of promising to pop someones kneecaps? I'm told this is illegal too.

    Shady lenders use shady tactics to force their clients to repay them. That's how it works. Now they have moved to the "internet" and "I know where to find you! (silently promises to pop kneecaps) " is no longer a threat to someone "far away" online, possibly through tor or whatever.

    I find the new strategy less barbaric than the old one actually....

  28. Low risk, easy money for me by Laxator2 · · Score: 1

    I'm so ugly that everybody will avert their eyes as quickly at they catch a glimpse of my pictures. So who will be able to recognize me from those photos ?

    No risk, easy money !

  29. Not hard to fathom by sjbe · · Score: 1

    1) I cannot fathom why anyone would be interested in a picture of me, naked, and I do not think that I am particularly unattractive.

    Really? You can't figure that out? Have you ever been interested in seeing someone else without clothes on? Then you should be able to comprehend that the reverse is also true at least for some portion of the population. It's true that not everyone is interested in seeing you specifically sans clothes but it's not hard to understand that some would. And no you don't have to be a supermodel to be attractive to others. You indicated you are married so obviously at least one person must find you attractive. Not hard to believe there might be others. Same is true for pretty much anyone else out there. Even people who are generally considered not terribly attractive by most can typically find a few people who are interested.

    1. Re:Not hard to fathom by Anonymous Coward · · Score: 0

      Ron White said it best: "Once you've seen one woman naked....you want to see the rest of them naked."

  30. A matter of time by stealth_finger · · Score: 1

    Database hacked into and contents dumped in 5...4...3...

    --
    Wanna buy a shirt?
    https://www.redbubble.com/people/stealthfinger/shop?asc=u
  31. Hallmarks of a hoax by gurps_npc · · Score: 4, Insightful

    1) Foreign story - in China.

    2) Plays to a cultural stereotype - Chinese are overly concerned with 'face'.

    3) Coverage is via an unheard of news sight, rather than major media.

    Also - there is no power for the person that takes out the loan - once you give them the power to blackmail you there is no reason for them to stop just at the amount you owe. What if they get hacked?

    No - stupid business idea. Probably a fake story

    --
    excitingthingstodo.blogspot.com
    1. Re:Hallmarks of a hoax by david_thornley · · Score: 1

      You omitted:

      4) Includes descriptions of sex or nudity.

      If the story didn't have people thinking about seeing naked Chinese women, it wouldn't have any legs at all.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
  32. So? by allo · · Score: 1

    Release them. If you do it often enough, the scandals about naked pictures will be nonexistant, as too many people had the pictures "leaked". Now good luck getting your money, if your threats are useless.

  33. This is selling ones publicity rights to nude pic by Anonymous Coward · · Score: 0

    I don't see why it would be criminal act to sell a pornographic picture of oneself to another. There is an entire industry doing this and no logical reason why a contract shouldn't give the seller some right thereof to retract those rights upon paying of some pre-agreed amount. If anything this is exactly how such a loan should work should one want to get involved in such a contract. The law should not protect the stupid like this. There comes a point when you should know better than to expose yourself for money if you do not want to be exposed.

  34. China is BETTER by NewYork · · Score: 1

    In India they actually rape them http://www.thenewsminute.com/a...

    --
    Casteism
  35. One word... by carbonates · · Score: 1

    Photoshop