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America’s Largest Banks - "No One Is Borrowing Anymore!"

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In this 14 October 2024 video, host Michael Bordenaro looks into the numbers and how Americans seen to be ‘tapped out’ of money to spend.

America’s largest banks, JP Morgan and Wells Fargo have reported in their most recent third-quarter earnings report that most of their customers are no longer taking loans of any kind. Is this a sign of consumer responsibility or is it a sign people are already maxed out and cannot afford another payment?

https://youtu.be/OkUxd_h0LP0



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  • kilroy

    Does anyone remember how Bank of America out of no where just decided to steal billions from their account holders back in 2008? Regular savings accounts that had 4% interest without any type of notifications dropped to .04 %. People should have been publicly hung. Yet nothing from your bought and paid for Congressman but crickets. How do you 9now who owns the strings of power. Too big to fail? On your dime, again! Sorry last time I checked if your business model sucks and you go bankrupt that should be on you. Not the rest of the Country. Interest rates at loan shark levels making borrowing money a fools endeavor. Here is an idea that always works. If you want something save up for it. The world of instant gratification and unlimited credit is how they trap you in debt slavery for life. If there was ever a proofvthstour education system is a complete failure that is staring you straight in the face.

  • truck driver

    Use credit card points to pay for the loan, maybe

  • truck driver

    Illegals, migrants and Foreign people get a loan then go back to Mexico, Canada or where they’re from and never pay it back

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