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Interesting concept
RaceBannon
Member, Swaye's Wigwam Posts: 107,537 
https://newsmax.com/us/banks-minority-farmers-loans-biden/2021/05/19/id/1021941/
Don't pay off loans because we lose the interest. I get the thought but some things are best not said out loud. Ignoring the other consequences of race based policy because this isn't the tug. Just found the financial implications interesting.
Banks are resisting the Biden administration's push to provide $4 billion in a debt relief program for minority farmers, saying the government's initiative to pay off the borrowers' loans will hurt the financial institutions' profits and investors.
The American Bankers Association, the Independent Community Bankers of America, and the National Rural Lenders Association, three of the nation's largest banking groups, say the program would result in loans being repaid early, resulting in losses of interest it can collect from the farmers, reports The New York Times.
Don't pay off loans because we lose the interest. I get the thought but some things are best not said out loud. Ignoring the other consequences of race based policy because this isn't the tug. Just found the financial implications interesting.
Banks are resisting the Biden administration's push to provide $4 billion in a debt relief program for minority farmers, saying the government's initiative to pay off the borrowers' loans will hurt the financial institutions' profits and investors.
The American Bankers Association, the Independent Community Bankers of America, and the National Rural Lenders Association, three of the nation's largest banking groups, say the program would result in loans being repaid early, resulting in losses of interest it can collect from the farmers, reports The New York Times.
Comments
The banks need to shut the fuck up about this. If they pay any prepayment penalty then it doesn't concern your fucking crooked ass where the pours get the money from.
What is telling is that the banks ABSOLUTELY know they can't replace the sub prime loans they have saddled the riff-raff with.
Fuck 'em with a rusty, conical cheese grater. Twice.