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> What interest rate do you think rich people are getting? Depends how rich. Banks have long been known to offer below market or even zero interest loans to th
by FireBeyond 10mo ago
> What interest rate do you think rich people are getting?
Depends how rich. Banks have long been known to offer below market or even zero interest loans to the richer segments in exchange for/in the hope of securing other business from them.
- WalterBright 10mo ago> in exchange for/in the hope of securing other business from them. I.e. they'll be paying the market rate one way or another.
- FireBeyond 10mo ago"For a portion of their business, or their company's business". While they get a 0% interest loan to buy their $10M home, or whatever. Funded, effectively, by you and me, subsidizing this as customers of the same financial institution.