They are trying to give home equity line of credit at less than 6%. Already have a mortgage at 3%. This is way below market appreciation. Federal reserve is the other one giving away money at near zero percent to banks. And we are fighting for pennies at our jobs.
Misunderstanding? I think it’s fairly accurate to say the banks are a leech, and borrow money for literally almost 0 from the fed. Technology cant replace these parasites soon enough
Do you feel this way about credit unions as well?
If your argument to label an entity as a leech depends on factual inaccuracies then you’re either lazy or wrong. FWIW: Fed Funds rate is 1.75%
This is accurate in spirit. To those claiming otherwise, you’re wrong. The banking system is a government-sponsored monopoly and is a leech on the economy.
Hail Rothschild!
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Factually incorrect, lazy analysis, and a fundamental misunderstanding of how modern banking works. /rant
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