Bernanke: Negative interest rates are coming

[IMaDad]

just ordered parts for my tankless water heater with BTC. hows that for worthless @JamesG

 

[araomd]

A Battle Brews Over Negative Rates on Mortgages

Consumer groups said banks are contractually obligated to stick to the terms of a variable-rate loan, which by definition rises and falls with changes in interest rates. If rates fall far enough below zero, these groups said, the banks should make interest payments to borrowers, just as they would charge clients more if interest rates rose.

 

[chucklenut]

A Battle Brews Over Negative Rates on Mortgages

Consumer groups said banks are contractually obligated to stick to the terms of a variable-rate loan, which by definition rises and falls with changes in interest rates. If rates fall far enough below zero, these groups said, the banks should make interest payments to borrowers, just as they would charge clients more if interest rates rose.

and they should

i thought adjustable rate mortgages were a bad thing myself, but hey, if the bank will benefit from an uptick, then the consumer should benefit from a downturn

doubt it will happen though

 

[kuduman]

A Battle Brews Over Negative Rates on Mortgages

Consumer groups said banks are contractually obligated to stick to the terms of a variable-rate loan, which by definition rises and falls with changes in interest rates. If rates fall far enough below zero, these groups said, the banks should make interest payments to borrowers, just as they would charge clients more if interest rates rose.

That would be sweet. But I think the language in the loan docs probably precludes this.

 

[RamRoddoc]

That would be sweet. But I think the language in the loan docs probably precludes this.

If not it will now.

 

[araomd]

If not it will now.

"In Spain and Portugal, bank executives said they would pay borrowers when pigs fly."

 

[chucklenut]

"In Spain and Portugal, bank executives said they would pay borrowers when pigs fly."

damn

only pigs are the bankers it seems these days

maybe they should fly, like, our of their window