Feed on
Posts
Comments

↻ Reposted

Banks would compete for loans.

You want to get a loan for a house? Ok, shop around for an interest rate, just like you would for anything.

A bank with the lowest interest rate obviously runs itself more efficiently than the bank with a higher one. Or perhaps there are some value-adds for the higher interest rate that interest you.

This is how banking used to work in AMERICA. It’s shocking people don’t know this.

View on Gab →

Comments are closed.