As longtime friends and readers surely recognize, I have my “finger on the pulse” on the banking and financial worlds. With my years of astute wisdom and observations, I believe that I may have isolated a major problem for the banks right now, which are suffering through a tough time. As a public service, I will now share it with everyone here, in an effort to improve the world and right the economic slides that the markets have been seeing.
I was recently listening to a radio commercial of a financial institution offering an “18-month, no-interest loan.” It instantly occurred to me that this was the root of the entire problem. If a bank takes no interest in their products, why should they expect their customers to do so?
Now that this crisis is resolved, please enjoy a funny video…