(((Banker))) here, but it's a small bank. I used to think that le banks are ebil joos. Now that I work for one, I can see that's not true.
>inb4 interest is usury
Why should the bank gibs you thousands of dollars of *other people's money* with no guarantee that you'll pay it back?
>muh jewish predatory loan tricks
Banks are required by law to disclose novel-size stacks of paperwork and disclosures. We also have armies of (((regulators))) who can fine and imprison us for a misspelled word, or can claim we're discriminating against the poor persecuted nonwhites
>you have a white person on an ad in your lobby? OY VEY, DISCRIMINATION!
>You only give loans to people with good credit history? DISPARATE IMPACT ON POC!
We give delinquent borrowers a zillion chances to get up to speed on their payments. The habitual offenders always have some sob story as to why they can't pay. We tend to lose money on foreclosures.
>inb4 muh feewings
Borrowers sign an agreement. We lend them money, we uphold our end of the agreement. It's on them to uphold their end.
Pic not relates.
Why does Jow Forums hate the idea of banking
I work for a credit union.
A member of a credit union is a shareholder of the institution, you actually get to vote on credit union issues.
Banks are frauds. Use credit unions.
>A member of a credit union is a shareholder of the institution
It's the same with savings & loan associations (for which I work). We are owned by our depositors rather than stockholders (though when you open an account, you can waive your vote to a board member, since not everyone can be present at board meetings). The only real difference is that S&Ls have to pay more in taxes.
Fractional reserve banking and fiat currency are the problems.
The resultant political power of global finance is a problem. No one likes to be ruled by merchants.
What this guy said. I bank at a CU as well. Customer service is great and you get a say in how they operate.
I’ve been thinking about this for a while and instead of making a new thread ill just ask here; what if the Fed was replaced by an institution similar to a credit union? Not sure if government employees or private ownership would be a better choice though
It isn't that Jow Forums hate banking, its that banks tend to have far too much influence on everyone everyday life and thus, it is entirely reasonable to hold banks in contempt when initially the purpose of a bank is to secure their client material values, not just use it anyway they want as if it were theirs as to further their own profit.
When a guy drop money on your table so you can look over it, it is still thievery to take it, do whatever you want with it then add some money with an incredibly small amount (in comparison to the profit made from whatever investment you funded using that guy money) as to fool the guy into believing he is the one to profit from your safekeeping and thus, convince him to give you even more.
Again, we are required by law to disclose all that. We expect the customer to read the paperwork. And bank examiners will nab you for petty shit.
>Fractional reserve banking and fiat currency are the problems.
"I've never taken a Macroeconomics class before", the post
>flag
Friendly reminder that people working in banks are scammers and are also traitors because they support the Jews.
Very important piece of advice: NEVER SIGN A CONTRACT WITH A BANK.
Whatever it might be related with, either a loan, mortgage, etc. Never sign a contract with them. I do not even have to go into detail about it. My mom was massively affected by it in a negative way when she had a lot of problems with the bank and she also had a lot of debt. My relatives were starting to be enemies to each other during the financial crisis because of this shit. You are just trying to make excuses for the shitty things that banks do.
Fuck you OP, I hope you burn in hell.
/thread
>Why should the bank gibs you thousands of dollars of *other people's money* with no guarantee that you'll pay it back?
you sign a document saying you will pay it back. What the fuck does interest have to do with guarantee of payback
MONEY IS A MEASURE OF WORK
NOT A FUCKING GOOD
Gibs low interest mortgage pls
Ok
>you sign a document saying you will pay it back.
Doesn't mean they actually will pay it back
What the fuck does interest have to do with guarantee of payback
They're giving away large chunks of their assets. They need a way to recover at least some of it if the borrower defaults. It's not a charity.
Well the knights templars should be credited for their inventions of checking system for banks.
becuse writing numbers down in a book and clicking on a calculator all day isnt real work you sissy faggot. pkus fractional reserve means youre not lending out other peoples money, youre gambling on faith with funny money from the future. goddamn cur, youre a cancer on this planet.
Serious question. I apply for a mortgage, and upon approval the bank creates the money out of thin air via fractional reserve lending. I pay the interest on the mortgage with wages from my labor. How the fuck is that not the same thing as a tax sholmo?
Op here
>sissy faggot
What the fuck did you just fucking say about me, you little bitch? I’ll have you know I graduated top of my class in the Navy Seals, and I’ve been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in gorilla warfare and I’m the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You’re fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that’s just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You’re fucking dead, kiddo.
go read a book called "What Has Government Done to Our Money?" Murray Rothbard
Nice Copy N' Paste
>(((Roth)))((bard))
>Why does Jow Forums hate the idea of banking
we don't.
we hate the idea of weaponized usury.
KEK credit unions are even more leveraged than banks they're always the first to flop and steal your money in any economic crisis