They also hedge and buy insurance to cover potential defaults and then they write off the bad loan they got stuck with to help offset taxes... So it's kinda good in a way and they want some but it makes business sense to find the right balance to keep regulators happy and make maximum profit.
Turbo
joined 1 year ago
It is still extremely far from the old days when money lent, was money/gold in the vault
I have a easier time accepting 8% interest charge when someone actually took money out of their pocket to lend me versus a ponzi like scheme with "strict regulatory rules and statistics blah blah loan loss provisions" (which sounds wonderful and for our good and safety).
They make a shit ton of money..
The models are just risk and likelihood based to determine cash requirements and how much they can lend out (way more than cash they have) yet they charge the same fee as if they had the funds.
I'd rather borrow from my grandma and pay her 8% since she deserves it for parting with her money.
It's not like the banks need to set aside the full $100k that they extend to you on paper .. they have to have "assets" of about 1/10th of that ...
Fractional reserve banking . Basically just create numbers out of thin air
This feels like an April fools joke.
Ridiculous concept. If you can't do the math, get an app or ask an adult.
Right, but that's a lot more work. Costs them, time and effort and processing costs and power.
Its not sustainable or scalable at that form factor
Some credit cards offer 2% cash back... (Not points) So it's hard to give that up when you get 2% off for just about every dollar you spend. Why wouldn't you put every dollar on card you would normally spend.
This doesn't work well if you are paying interest...
If you're fiscally savvy and don't overspend and can pay your balance in full every month and are not paying interest, this is a strong vote for choosing over cash.
However, without that....I see no benefit and would use more cash for all reasons in this thread.
Thanks for clarifying, I misunderstood the question.
The content on YouTube is golden and likely cannot be replaced, created elsewhere.
Hence, stripping the junk is what makes it palatable for me.
Cheers
I'm loving Grayjay!
If you can, set this up on your router and then specify which devices should route through.
You may also want to use pihole for ad blogging and as your DNS server. and in pihole use your VPN server's DNS such that you don't have DNS leak.
And if the VPN is down, your computer won't work until it comes back up.
Helpful if you run the network at your house
I've been a fan of the dual boot option (sometimes separate hard drives)
Boot PC. Press F8. Select Windows drive and boot to windows 10 for gaming.
Most of time it defaults to Linux and that's where i live the other 97% of the time
I have the same setup on my laptop. There's always something easier on Windows whether I like it or not and it's good to have the option.
Never had an issue with them coexisting.
This was great. I enjoyed this!
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Uh, try that and see what happens
They have the upper hand , they will take your assets and sell your debt to collections and the courts will side.
The terms are such that you agree to pay.
What would be better is for everyone to always pay their credit card on time and reap the benefit from cashback rewards on purchases.