The most stable banks have a solid retail base. The banks which borrow in the wholesale market may not have the retail infrastructure and the accompanying overhead, but they are operating on far tighter margins and do not enjoy the same stability as a group. The cheapest money available to banks comes from their ordinary retail clientele, and not their private client sector, which enjoys preferential treatment, or the wholesale market. And so, to answer your question, where do banks get the money that they lend? The best-run and most stable banks get a good chunk of their money from the middle.
This from the libtarded moonbat who accused someone of treason without even knowing what it meant... and whose life is so pathetic and empty that he obsesses about us and our politics even though he's Canadian. Let me get this straight... you came trolling onto this thread trying to change the topic to your liberal wet dream of wealth redistribution and taxing your way to prosperity but because I smacked you down on the real thread topic, you made up an imaginary post under my nic for the sake of "accuracy" and "integrity." That sounds about right for you.
I may have missed my coffee, paradoxically if I do I might not know it. ; ) But I don't think I missed on this. Having you say that there are a lot of other variables involved is what I was driving at. No offense intended, merely... discomfort. : )
Great idea... reward deadbeat "victims" who bought more house than they could afford and used their houses as ATMs with principal write downs. That will get the economy going again. NOT. Some people just need to be renters.
It contributes an opportunity for the Christians to act like Christians and care for the poor and helpless...