"If banks can borrow money from the federal reserve at 3%, why cant we? Why do we have to go through a money changer to get access to capital? In all honesty for profit banking should be outlawed like for profit hospitals were before Nixon. Usury is the problem in our society. Not capitalism."

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[–]magnora7 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Yeah, especially when the loans are essentially government-backed anyway if they fail. (Aka Too big to fail bailouts). That really takes the risk out of the equation for the insurance companies. So the high interest rates seem especially inhumane.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

yeah after the bailouts for the rich we need to get off the high horse bootstraps capitalism bs, either socialism for no one, or for all