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Charles Brightman
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Comments by "Charles Brightman" (@charlesbrightman4237) on "Fed will tip U.S. economy ‘into a recession by the end of next year’: Deutsche Bank economist" video.
Question: The US Fed has given banks very low interest rates for quite a while, BUT the banks have not raised the interest paid on saving's accounts and/or lowered interest charged on charge cards. The Question: Are the banks in financial trouble and/or are they just plain greedy?
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@donaldkinsey5245 a. "What is "Greed"?" You don't know? b. If banks don't want to pay interest on saving's accounts that at least keep up with the true cost of inflation, then less people will save less money with those banks. Less money saved with those banks, less money that bank can loan out, even with fractional reserve banking. c. Credit card rates: banks didn't raise them, but they didn't lower them either, even though they could have. d. "The market determines the rates not greed bankers." Of which, people that want to save money for future expenses and/or want to get loans, will go elsewhere if they are able to. Even Trump went out of America to get certain loans.
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