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86tt
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Location:
Sydney
Registered:
August 2004

Re: The world is changing...

Mon, 12 September 2005 10:00

Corona RT142 wrote on Mon, 12 September 2005 19:55

86tt wrote on Mon, 12 September 2005 17:49

really? so the reserve bank raises the interest rate, but who gets the money earned from the interest from credit cards and home loans? Where does these money end up?

geez the banks how do you think they make their money sure they charge lots of fees but sheesh some ppl.

of coz I know, but someone was suggesting the government doesn't gain anything from an interest rate raise when the national debt is at its highest, that the government doesn't gain anything by squeezing every little drop out of every citizen... Very Happy

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