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If we get interest rates back up to better levels (IMHO 6 to 7 percent mortgages) they might even be able to pay interest on savings without selling loans! Unf
by phkahler 4y ago
If we get interest rates back up to better levels (IMHO 6 to 7 percent mortgages) they might even be able to pay interest on savings without selling loans!
Unfortunately lowering rates is used to "fix" the economy. This is a failed strategy.
- chii 4y ago> they might even be able to pay interest on savings without selling loans! loans are the source of revenue. Selling more of it is the goal of a bank.
- phkahler 4y ago"Selling loans" is something that happens after loans are made. Much like you can sell a bond that has already been issued but has not matured.