Banks and why they suck - the banking system as it rips off a little guy like this Hadrian

The Plight of the Small Man

Or should I say "investor" of course. Banks hate them. Small accounts are worthless, in fact a bank will do everything it can to close them down. Try leaving $30.00 in an account for a year and see what happens. You won't earn interest. You will probably wind up owing them due to bank fees.
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So, why do banks lend money for a single small investor to buy a house? Simple. They KNOW in their heart of hearts that YOU will do almost ANYTHING to keep that property. You are a small but guaranteed source of income. Get a bunch of you together and it's a few billion dollars worth of sheer FEAR.
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Why if you are a big investor do you earn a much better rate of interest than if you are a little guy? Why do you pay a greater number of fees and charges if you have a small account (by small I mean under $100,000 as balance)? Why does a bank renegotiate billion dollar loan repayments but refuse to renegotiate YOUR piddling little six figure mortgage? Because they DON'T have to, that's why. If a large investor gets cranky and moves their account, heads roll. If you take yours elsewhere, there is probably a small sigh of gratitude.
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Usually a bank will contract out the actual dirty work. For instance, take this company spiel from the NICE MR REPO GUYS over at TD Service Company:
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"TD Service Company is the largest independent, full-service foreclosure company. The process includes 1) sending
the note, deed of trust, and default information to TD 2) the notice of default is recorded and the trustee's sales guarantee is ordered 3) after the notice of default records the borrower or junior lien holder may reinstate the obligation up to 5 business days before the sale date. If the loan has not been reinstated, paid off, Notice of Default is recorded. TD will prepare, record and arrange to post and publish the Notice of Trustee's Sale, public auction sale, Trustee's Deed Upon Sale, Foreclosure Company, Reconveyance Company, Payoff Company, Mortgage Servicer, Mortgage Company, Deed of Trust, The reconveyance eliminates the lien from the title of the property.
Other services include: Bankruptcy, Claims processing, Reconveyances, Loss Mitigation, Loan Subordinations, Loan Modifications."
NICE GUYS, REALLY NICE.

Banking Policy in the 90's

The banking system is being held responsible for most of our social evils by the majority of 'do-gooders.' But they have no recognition that it rests on the institution of land monopoly which is basically responsible. There are numerous independent credit unions throughout the world, which function outside the banking system. These restrict the use of credit to members and afford some relief, but the banking system must still be used outside of membership....
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Banks also issue credits at interest subject to mortgage security over the borrowers' assets sufficient to repay the loan in event of default of interest payments . The rate of interest is governed by free market assessment of the average earnings of capital and returns from other forms of investment.
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The problem of recurring land booms and subsequent depressions must be faced, however . This can easily be remedied by
governments collecting the full value of economic rent as their natural revenue.

Land price would then disappear and no longer serve as a security for bank loans,
which would have to be secured by real
wealth and a reputation for honesty.

Government borrowings would then be unnecessary when the institution of land monopoly and speculation was destroyed, andin consequence the expense of financing the welfare state would be enormously reduced.

The need of private borrowing from banks would also be reduced, as full employment opportunities were restored, and
involuntary poverty abolished, together with the robbery of taxation. Source.
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SOUND RADICAL? NOT REALLY. THAT IS HOW BANKS MAKE MONEY. THEY USE YOUR LAND AS THEIR SECURITY. CHECK IT OUT. I KNOW. I WORK FOR ONE. THIS GUY HADRIAN IS SHAFTED.
BUT I WILL HELP HIM IF I CAN, SINCE HE REPRESENTS JUST ANOTHER SUCKER TO EVERY MAJOR LENDING INSTITUTION ON THE FACE OF THE PLANET. HE IS THEIR BREAD AND BUTTER, ALTHOUGH HE PROBABLY DOESN'T KNOW IT. TAKE A LOOK AT THE PIC BELOW...THIS IS THE BANKS AS THEY (AND YOU) TRULY ARE.

The Banks..............................................................The small investor/home owner

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