Laura Brown7 said:There is a lot of truth in that... people just grab everything being offered to them without ever stopping to consider how expensive it will be to pay it all back... you can't teach an old dog new tricks.🙂
But still, the banks are greedy and they are cruel.
With this kind of policy where they squeeze America under the guise of instability, keeping interest rates high for so long... they've shown just how much of a difference there is between loans in Italy or Canada compared to what they charge us here in the States.
By failing to invest in the actual economy, they have done the most to make this situation worse.
So what if nobody is taking out car loans now and they're facing problems? They’re sitting on unsold homes because they refuse to lower prices or drop interest rates?
Honestly, who cares about them, let them fail... some other bank will just step in. They are private entities, just like all the others they destroyed through foreclosures. Now it’s finally time we turn the tables on them! ☕
Back in the mid-nineties, things went crazy in Albania, and suddenly you had these beat-up boats washing up on the coasts of Italy, packed with Albanians who were looking around like they were searching for their lost Ferraris or some massive villa with a pool. Poor souls spent years glued to Italian satellite TV—every single house back then had a dish—and they naively thought that was just how life worked in Italy. I remember seeing our media outlets gloss over the whole thing, while Baker was basically filled with anecdotes at their expense.
Then, in the middle of the last decade here in America, every TV station and newspaper was flooded with ads telling people that banks were their best friends, suggesting all your life problems could be solved with one swipe of a credit card. You’d see some reality star who got kicked out onto the street by her boyfriend, only to show up the next day in a huge, designer apartment thanks to a three-story bank building... funny how nobody really questioned those setups, even though there isn't much difference between that and those poor guys from the start of the story.
with policies like that, they squeeze America by keeping interest rates high under the guise of "economic uncertainty." They've shown exactly how much of a difference they make with loans in Italy or Canada compared to what they charge us here in America.
I travel through Canada, Austria, and Italy pretty often, and from what I see passing through, everything seems even more depressing than it is here.
Anyway, this didn't just pop up on Broken yesterday; it's kind of interesting how Americans find this hilarious because most of them can totally see themselves in it:
http://cdn-www.cracked.com/articleim...tcardhead5.jpg