[quote=barnaby33]Umm duh, banks make money by charging fees. Thats the banks business model as distinct from Savings and Loans. Of course thanks to deregulation by Reagan, there aren’t any of those left.
Josh[/quote]
Credit Unions have become the replacement for the ole Savings and Loans.
How about we start our own ‘Piggington Credit Union’.
We can give ourselves a high % interest for deposits, loan out at only 5x our deposits (low risk of bk), control loan to value ratios (low risk loans), and keep the cost very low (no big executive bonuses).
Co-Op banking where the depositors have control not the bankers…
