When you get a loan at the bank, the bank just sells you money for even more money Submitted by 1scr3wedy0dad t3_yg8l8w on October 29, 2022 at 3:20 AM in Showerthoughts 49 comments 471
Sometimes_Stutters t1_iua74bl wrote on October 29, 2022 at 7:32 PM Technically they go to the federal reserve and get money at a lower interest from them, then give that to you at a higher rate. They may choose to sell your debt, but it’s not necessarily a given. Permalink 2
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