This is how the mind of a banker works. He will take $100 from - TopicsExpress

This is how the mind of a banker works. He will take $100 from you in the form of a savings or checking account and pay you back 2% a year so at the end of the year you have the $100 you deposited plus $2 the banker is giving you. But wait that same $100 he got from you he will use it to lend it to you in the form of many types of loans such as a credit card. Will the banker lend you at the same 2% a year he is borrowing from you? Ofcourse not, he must make a profit so he will lend you your $100 at 12% or 25% interest rate monthly. So he can make up to $25 from you every month which could translate to a total of $300 out of that same $100 the banker borrowed from you, minus ofcourse the $2 he will give you at the end of the year. So to recap. In the bankers mind it is totally fine to borrow $100 from you, and pay you only a max of 2% per year so he can use that same $100 and lend it back to you at 25% monthly so you can pay him $300 for lending you your own money while he pays or I should say deducts out of what you are already paying him, $2 and gives it to you if you keep the $100 with him for a full year. And lets not forget the banker will penalize you with all sorts of late fees and penalties up to $35 a pop per transaction. Somehow we have been told this is moral and ethical system. Any wonder why Jesus turned the tables and kicked out of the temple the bankers of his day?

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