Comments on: The Way Banks Look at You Part 5: Would You Lend Your Own Money to This Guy? http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/ This is where your finance takes place Mon, 06 Oct 2008 14:02:23 +0000 http://wordpress.org/?v=abc By: The Financial Blogger http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-306 The Financial Blogger Fri, 03 Aug 2007 19:54:33 +0000 http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-306 Hi CR, I do not think that banks are more evil than other companies:evil: In fact, many products are on the market simply to make money. That is not only the case for bank. I think that we must look at the root of the problem: A big lack in financial education. I would be curious to know what do you have to say against bank. Maybe I could explain a little be more their side of the game. Cheers, FB. Hi CR, I do not think that banks are more evil than other companies:evil:
In fact, many products are on the market simply to make money. That is not only the case for bank. I think that we must look at the root of the problem: A big lack in financial education.
I would be curious to know what do you have to say against bank. Maybe I could explain a little be more their side of the game.
Cheers,
FB.

]]> By: Customers Revenge http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-300 Customers Revenge Fri, 03 Aug 2007 01:37:56 +0000 http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-300 Hi FB, I understand about what the banking system is supposed to be. I do not believe that we need banks except for infrastructure and security of money. Banks make themselves indispensable by cornering the market in a way; much like realtors, for example, make themselves indispensable by controlling large pieces of the chain. As a banker, perhaps you can clarify some of the many quirky offerings or demands at most banks that are clearly designed not to add value but to take it away. Hi FB, I understand about what the banking system is supposed to be. I do not believe that we need banks except for infrastructure and security of money. Banks make themselves indispensable by cornering the market in a way; much like realtors, for example, make themselves indispensable by controlling large pieces of the chain.

As a banker, perhaps you can clarify some of the many quirky offerings or demands at most banks that are clearly designed not to add value but to take it away.

]]> By: The Financial Blogger http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-294 The Financial Blogger Wed, 01 Aug 2007 23:51:22 +0000 http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-294 Hi CR, This is how the bank system was created; with our money. We need banks for mortgages or any other loan. I do not think they see normal middle class person this way. If you think so, I guess you might also think that all companies look at people this way. Banks are there to make profit, like any other company. Cheers, FB. Hi CR,
This is how the bank system was created; with our money. We need banks for mortgages or any other loan. I do not think they see normal middle class person this way. If you think so, I guess you might also think that all companies look at people this way. Banks are there to make profit, like any other company.
Cheers,
FB.

]]> By: Customers Revenge http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-291 Customers Revenge Wed, 01 Aug 2007 13:02:26 +0000 http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-291 Ask yourself whose money is being lent out. I would not like to lend the banker money for 2 to 4% like I do just for him to look at the decline button when I go there looking for a mortgage. I don't think anyone disagrees with you that borrowing for consumption or bill payments are usually poor credit risks, but I think you should think about how banks look at you in general, especially if you a normal middle class person. Basically the terms are cash cow, victim, chaching. Something like that. Ask yourself whose money is being lent out. I would not like to lend the banker money for 2 to 4% like I do just for him to look at the decline button when I go there looking for a mortgage. I don’t think anyone disagrees with you that borrowing for consumption or bill payments are usually poor credit risks, but I think you should think about how banks look at you in general, especially if you a normal middle class person. Basically the terms are cash cow, victim, chaching. Something like that.

]]> By: The Financial Blogger http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-284 The Financial Blogger Tue, 31 Jul 2007 01:16:08 +0000 http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-284 TMW, you are so right! Being a banker myself, I always have my hand near the "decline button" whenever somebody is asking for money NOW. If an individual is in such a need for money, therefore he is in trouble. If he is in trouble, then, I do not want to lend him money! FP, I guess loan sharks are there to "equilibrate the market" and take great profit out of people misfortune or credit misbehavior! cheers, FB TMW, you are so right! Being a banker myself, I always have my hand near the “decline button” whenever somebody is asking for money NOW. If an individual is in such a need for money, therefore he is in trouble. If he is in trouble, then, I do not want to lend him money!

FP, I guess loan sharks are there to “equilibrate the market” and take great profit out of people misfortune or credit misbehavior!

cheers,
FB

]]> By: FourPillars http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-283 FourPillars Tue, 31 Jul 2007 00:42:58 +0000 http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-283 Don't they have loan sharks for people like your "friend"? Mike Don’t they have loan sharks for people like your “friend”?

Mike

]]> By: ThickenMyWallet http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-282 ThickenMyWallet Mon, 30 Jul 2007 21:18:40 +0000 http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-5-would-you-lend-your-own-money-to-this-guy/#comment-282 As a related note as well, never go to a bank and say you need money tomorrow! It makes them very nervous. Anyone who needs money fast tends to scare the risk-adverse banker. To continue your analogy, if a friend said "I need some money. NOW!" you would begin to ask questions wouldn't you? As a related note as well, never go to a bank and say you need money tomorrow! It makes them very nervous. Anyone who needs money fast tends to scare the risk-adverse banker. To continue your analogy, if a friend said “I need some money. NOW!” you would begin to ask questions wouldn’t you?

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