Fed Cuts Rates: Will RV Rates Follow?
The Fed cut rates 1/2 percent this morning in an effort to keep the stock market bubble growing. I'm negotiating a new RV loan to close in 10 days and the dealer quoted me 5.49% last week. I haven't...
Forum Discussion
Will the banks cut rates for RV loans.. GOOD question.
I am concerned that modern Economics being what they are (Murphy's law applies)
When the Fed Raises the rates.. The Banks do likewise and blame the feds
When the Fed Lowers the Rates.. The bankers pocket the profit.
But there is one story I like (Levi Strauss, Blue Jeans King)
He went to the bank for a small loan. Was denied
A couple years later he went back and found the loan officer who denied him and ask "Do you remember me" . (NO) Well you denied me a loan back in (year) (I don't work in loans any more) "I know in fact you don't work for the bank any more.. Your're fired" (You can't fire me only the new owner can fire me)
"I know.. I just bought the bank."
Now that.. IS Revenge best served.
I am concerned that modern Economics being what they are (Murphy's law applies)
When the Fed Raises the rates.. The Banks do likewise and blame the feds
When the Fed Lowers the Rates.. The bankers pocket the profit.
But there is one story I like (Levi Strauss, Blue Jeans King)
He went to the bank for a small loan. Was denied
A couple years later he went back and found the loan officer who denied him and ask "Do you remember me" . (NO) Well you denied me a loan back in (year) (I don't work in loans any more) "I know in fact you don't work for the bank any more.. Your're fired" (You can't fire me only the new owner can fire me)
"I know.. I just bought the bank."
Now that.. IS Revenge best served.
