SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Knighty Tin who wrote (89410)2/11/2001 7:12:44 PM
From: ild  Read Replies (3) of 132070
 
MB, Where do the banks get the money to lend to me at 1.9%?
I understand why they do it, but how and where do they get that money? I understand where FRE and FNM get the money for mortgages - they resell their stuff, but I really doubt First USA has any collateral for 1.9% loan they made to me.
Thanx - ild

EDIT: What concerns me is HUGE amount of credit lines available. If I lose my job I can live on them for a year or more, make a round world trip and then file BK.

EDIT2: When somebody says "the FED pumps the money into the system" what does that mean? Who gets the money? In which form? Do they need it? Can they get the same amount from other sources?

EDIT3: People say it's Greenspan's fault that the economy stalled becuse he raised the rates. I disagree. Do you?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News