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geekhack Community => Off Topic => Topic started by: tp4tissue on Tue, 03 February 2015, 19:15:11

Title: Fk the Bank yo!
Post by: tp4tissue on Tue, 03 February 2015, 19:15:11
For 10k, you're getting like 20 bux..

Meanwhile, they take ur money lend it, and make 400-500..

why even have a bank account..

You might as well buy Tbills all year for 4-5%
Title: Re: Fk the Bank yo!
Post by: tp4tissue on Tue, 03 February 2015, 19:25:03
Just trying to help folks, given the recent financial threads..

seriously.. consider moving everything out..
Title: Re: Fk the Bank yo!
Post by: FreeCopy on Tue, 03 February 2015, 19:27:36
I moved to a credit union quite a few years ago and have been quite happy with it.
Title: Re: Fk the Bank yo!
Post by: tp4tissue on Tue, 03 February 2015, 19:31:39
Quote from: FreeCopy on Tue, 03 February 2015, 19:27:36
I moved to a credit union quite a few years ago and have been quite happy with it.

(http://www.cute-factor.com/images/smilies/onion/d5f02ecd.gif)

That's the no-micro solution..

but it's only very slightly better.. (http://www.cute-factor.com/images/smilies/onion/087.gif)
Title: Re: Fk the Bank yo!
Post by: jdcarpe on Tue, 03 February 2015, 19:47:36
Stash your federal reserve notes under the mattress.
Title: Re: Fk the Bank yo!
Post by: tp4tissue on Tue, 03 February 2015, 20:05:53
Quote from: jdcarpe on Tue, 03 February 2015, 19:47:36
Stash your federal reserve notes under the mattress.

Tp4's money is all tied up in ramen right now..  wouldn't fit under mattress..
Title: Re: Fk the Bank yo!
Post by: jdcarpe on Tue, 03 February 2015, 20:09:00
Ramen futures are going up. Buy low, so you can sell high. It looks like there will be a storm that destroys most of the ramen crops this summer...
Title: Re: Fk the Bank yo!
Post by: tp4tissue on Tue, 03 February 2015, 20:26:12
Quote from: jdcarpe on Tue, 03 February 2015, 20:09:00
Ramen futures are going up. Buy low, so you can sell high. It looks like there will be a storm that destroys most of the ramen crops this summer...

Liquidity be damned?
Title: Re: Fk the Bank yo!
Post by: azhdar on Wed, 04 February 2015, 01:34:21
Because credit card are usefull, and it's hard to pay anything online without a bank account.
And because very few company will pay your salary cash.
That's the reason why I kept my money in the bank. I serioulsy considered going out of the bank system a few years ago.
And I guess, It's somehow safer to have money in bank, rather than cash in the yard.

Title: Re: Fk the Bank yo!
Post by: Jokrik on Wed, 04 February 2015, 01:51:56
They do make 400-500 with your money as you said, but they also carry greater risk from default / bankrupt borrower
I am the kind of guy who grow my business with bank credit, and I've to say I carry all the risk since I'm the one who run the business
Yet all they do is risk assessment, supply the fund, collect the interest rate

but again in the other hand, I need them to grow rapidly....
trade off in the economy I guess