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Cheapest product of bank
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Cheapest product of bank
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Steve Keen considers the following as important:
This could be interesting, too:
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| Cheapest product of bank |
Exactly. And if a bank fails to properly underwrite a borrower, the bank bears exactly 50%, or maybe more, of the responsibility for that loss.
Please don’t defend banks….. “fails to underwrite a borrower ”…. Their purpose is to keep people in perpetual debt throughout their lives via credit cards/ loans/mortgages/car lease hire etc.. In collusion with big business / advertising , most people are being marketed a lifestyle they can’t afford, hence the reason for credit facilities.