Thursday, September 8, 2022

If I Apply For A Mortgage, Can I Self Identify... being a person, belonging to one of predominant races of folks living in certain neighborhoods, to which Bank of America reportedly has seemingly (at least to me) said it will bestow interest free mortgages. More at the source.
 If that is not racism, then I think nothing is racist. It may be needless for me to have to say it but I will say it anyway - if I had a bank account with them or had one of their credit cards or whatever - I'd drop them tomorrow! 
Who is going to make up for the lost income that Bank of America would otherwise have made once these reported upcoming interest free loans actually come to be? The answer would be those who pay interest is my guess as in their rates will be higher - or even if they freeze at current rates, once mortgage interest rates go down in general, I would guess those paying off Bank of America mortgages with interest (as in those living in neighborhoods predominantly made up of European Americans, Indigenous people and Asian Americans) would not have the rates reduced.
Bank of Socialistamerica and leftist ideals is more like it or so it seems to me.

All the best,
Glenn B


Brian said...

Also reduced interest paid on savings accounts.

Brian said...

Other ways of making up the lost revenue will likely consist of smaller interest paid on any type of savings accounts and a freeze or reduction of dividends paid on their stock.