Quote:
Originally Posted by ALadysMom
Since golf is declining in popularity, the new areas have fewer courses. The Villages competes for new retiree buyers far beyond its borders. So the Developer sets the price of the bond, then the Bank collects higher interest on the bonds. Wow. I wonder... who owns Citizens First Bank?
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Apparently, TV's founder was busy founding other things too.
Citizens First Bank - Wikipedia
In my old age I've learned that businesspeople avail themselves of whatever financial benefits they can. If it's lucrative and not illegal, they jump on it. That's part of the "success" formula and is the way the game is played. Business is not all sunshine and butterflies. We, the consumers, if after considering the ethics of the situation or whether it's in our own financial interest, have the option of not playing the game. I for one chose not to play the bond game.
Not taking sides, it's just the way it is.