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Posted: 12/11/2014 12:09:07 PM EDT
[#1]
Quote HistoryQuoted:
Some religious cultures don't believe in the concept charging/earning interest. They keep their life savings in a basic checking acct. You will see this a lot among Middle Eastern and East Asian immigrants. So do they just not use any form of credit, either? No mortgages? |
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Posted: 12/11/2014 12:11:25 PM EDT
[#2]
The first one is a shitty message. Don't focus on relationships? I know more completely miserable people who have money pouring out of their ears who can't hold a relationship worth a damn.
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Posted: 12/11/2014 12:13:55 PM EDT
[#3]
I say fake, anyone worth that much money would have it spread around in various accounts and investments.
Kharn Posted Via AR15.Com Mobile |
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Posted: 12/11/2014 12:19:51 PM EDT
[#4]
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No kidding. "Hey, let's park $100mm in a non-interest bearing account that's only insured to $250K." Have to be fake. Or, the result of a wire or something that got immediately put someplace else. Quote HistoryQuoted:
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Who keeps those kind of balances in a checking account? No kidding. "Hey, let's park $100mm in a non-interest bearing account that's only insured to $250K." Have to be fake. Or, the result of a wire or something that got immediately put someplace else. The 99MM one actually turned out to be real. It was a hedge fund manager's account, and even he said he couldn't believe he had that much money in checking back then. |
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Posted: 12/11/2014 12:20:24 PM EDT
[#5]
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So do they just not use any form of credit, either? No mortgages? Quote HistoryQuoted:
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Some religious cultures don't believe in the concept charging/earning interest. They keep their life savings in a basic checking acct. You will see this a lot among Middle Eastern and East Asian immigrants. So do they just not use any form of credit, either? No mortgages? They use a broker who sells them the house for 360 monthly payments equal to what normal principle and interest would be. Kharn Posted Via AR15.Com Mobile |
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Posted: 12/11/2014 12:27:49 PM EDT
[#6]
Quote HistoryLol yup |
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Posted: 12/11/2014 12:31:17 PM EDT
[#7]
Quote HistoryQuoted:
Some religious cultures don't believe in the concept charging/earning interest. They keep their life savings in a basic checking acct. You will see this a lot among Middle Eastern and East Asian immigrants. Quote HistoryQuoted:
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Who keeps those kind of balances in a checking account? Some religious cultures don't believe in the concept charging/earning interest. They keep their life savings in a basic checking acct. You will see this a lot among Middle Eastern and East Asian immigrants. which east asian immigrants? I dont believe that for a second, every one i''ve met is trying to figure out how to make more money hand over fist. |
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