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Old 03-24-2023, 07:02 AM
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Default Money Sense

Banks are coming onto hard times because of their own doing. A year and a half ago record numbers refinanced or financed at roughly 2%.

You can’t loan 300,000 to a customer for 15 years at 2% and now pay them 4.5%-5% for long term deposits. It is an eventual lose-lose financial scenario. I foresee a lot more problems with banks for the next couple of years.

I hope the government has a good idea on preserving the banking system.
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