Comments by "Crime Stoppers" (@crimestoppers1877) on "Homebuyers in Massive Debt" video.

  1. Here is my question to you. Lets say I paid off my debts and still have a good income and viewing the mainstream media and government in many issues I can no longer trust them to diligently protect me from financial crimes which are rampant. I decide to place my money in a savings account protected by the FDIC. The past economic theory was that banks need deposits that they use to provide personal loans. If this is true why do banks only pay 0.01% annually? If cash is so valuable ( the reason they charge large interest on a personal unsecured loan) why don't they pay me interest on it? If I deposit $100,000 in an FDIC savings account how much will have earned in interest after 12 months? $10. A homeless person with $100K in a savings account will earn only $10 after waiting one year. That is not enough to buy a one cheap hamburger per Month! What is going on with the banks? That try to sell sketchy un insured CD's which could be invested in more Ponzi schemes by the banks just reported recently with a crypto currency exchange. Lets amplify this to one million dollars cash in a bank FDIC savings account. FDIC refuses to insure that amount but lets see what the banks do with YOUR savings money? That I Million dollars in savings will only yield $10 x10= A measly $100 interest AFTER 12 months. You still can't buy one cheap hamburger per week for one year! So why should anyone save money? Explain this? A millionaire "homeless person who has more money saved up than 95% of Americans ( one million dollars) and the bank won't pay enough interest so she can buy a cheap hamburger once per week.
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  2. What if I the homeless person above, decides to loan people money to avoid paying the usurious bank interest on personal loans? I bet the banks will go after Me since the banks WANT ALL THE MONEY? It looks like banks wants all of us to be in debt to them. Is it t time for some new banking regulations?
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  3.  @amandak.4246  I have one highest yield savings account that is insured by the FDIC and it is a joke. The bank pays higher savings interest for one reason. It is the largest subprime auto loan company in the US and is experiencing record defaults and late pays over 90 days. Why two reasons: 1) Subprime borrowers are willing to pay high prices on 6 year loans for old used cars that will not last that long ( most are American made models) 2) The used car salesmen are excellent at putting lipstick on a pig while calling it an "Executive vehicle" ( used Pontiac Aztek?). These banks will soon fail when the subprime debtors forget to remove the keys from them hoping they can file an auto theft claim to pay it off before the Repo man picks it up or it just rusts out and stops running. ( Ford?)
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