MovieChat Forums > Mean Streets (1973) Discussion > How did Johnny boy own Michael $3000

How did Johnny boy own Michael $3000


I must of miss that part. Did they ever explain Johnny boy borrow money from Michael.

reply

You can infer he borrowed some amount of money from Michael and the $3,000 is that amount plus an egregious amount of interest.

reply

Vig, vigorish is another word for interest, only vig outlandishly higher than intrest. They mentioned the vig at the party

BLACK FLIES MATTER
NO JUSTICE NO PEAS

reply

When Michael at the party tells Charlie that it's up to $3000, Charlie says, "You charged a guy from the neighborhood 1800 vig?" Meaning he saw the interest being really high for a friend. It explains that Johnny borrowed $1200. Michael was trying to charge $1800 in interest. More than Johnny borrowed in the first place. Charlie asks him to make it $1800 (the 1200 plus 600 in interest), and Michael reluctantly agrees to $2000 (only 800 interest). Even after Charlie gets Michael to knock off $1000, Johnny still screws it up.

reply