Quote:
Originally Posted by icenine
Banks actually create wealth for the investor, and put money into our economy when investors create businesses and hire workers. They create money when they loan also because the loan is seen as asset on a bank's ledger. A $300,000 loan becomes $600,000
because 1) $300,000 dollars is seen as bank asset and part of its wealth and 2) there is $300,000 in the economy floating around.
Banks can be good.
|
We recently refinanced our little condo through WesCom credit union. Formerly, Navy Federal Credit Union, IIRC. We inherited them from my Mom in law who was a WAVE during WWII.
Nice people and the best rate around.
