Banks have too much money. Rant.

Amazon
dfe5gh

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dfe5gh
Apr 12, 2018 9 Comments

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.

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 TOP 9 Comments
  • New
    DuQvV7

    New

    DuQvV7
    Factually incorrect, lazy analysis, and a fundamental misunderstanding of how modern banking works.

    /rant
    Apr 12, 2018 2
  • Google
    ldBV48

    Go to company page Google

    ldBV48
    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
    Apr 12, 2018 3
    • New
      DuQvV7

      New

      DuQvV7
      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%
      Apr 12, 2018
    • Google
      ldBV48

      Go to company page Google

      ldBV48
      Not really, but we’ve built a system that discourages and overburdens smaller institutions and gives free handouts to large banks
      Apr 12, 2018
  • Google
    Tesla69

    Go to company page Google

    Tesla69
    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.
    Apr 12, 2018 0
  • Hail Rothschild!
    Apr 12, 2018 0