What credit union is giving 1% on a car loan?
None.
No one.
Not a single credit union has offered these rediculous rates since ‘20.
Buckle in boys and girls, cuz the ride has just begun.
But, don’t blame brandon.
Don’t blame President Trump.
Don’t blame fubo.
Hey, I lied. you can blame all of the above for a crap show that started under bushie#2 and mcpain and his gang of however many.
They passed the “ everybody gets a mortgage regardless of the ability to repay it” law, and it was wildly successful.
Housing starts went nuts. The market was going crazy with all these non repayable mortgages getting wrapped into little pockets and sold on the stock market.
Then, the surprise!!!
It all collapsed at once!!!
The entire country was thrown into turmoil!!
We were in a massive recession headed straight towards depression!!!
Enter Bernanke, a student of the great depression.
He went in and blew the dust off of the printing presses and cranked them up.
The sudden influx of cash allowed the banks to pay the panicked customers their cash. The banks did not go under.
It worked!!!!
The economy quickly recovered and started the growth that we were seeing.
Bushie did not stop the presses.
Fubo kept the party going.
Trump climbed on board.
All of the above could have brought us in for a soft landing. None did.
Then we get the inept biteme.
The writing was already on the wall.
The ‘06 recession/depression level event is finally going to play itself out.
Buckle up, it’s gonna be a rough ride!
None. I am on the board of a local credit union and the rates vary:
A=7% B=11% C-15% D=18%