Banks Across Europe Pay Borrowers To Buy Homes

by Tyler Durden
ZeroHedge.com
04/14/2015

Back in January we asked the following: “who will be the first to offer a negative rate mortgage?” As WSJ reports, this bizarre characteristic of the new paranormal is spreading throughout Europe on the back of Mario Draghi’s trillion-euro adventure in debt monetization land: “Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers. At least one Spanish bank, Bankinter SA, the country’s seventh-largest lender by market value, has been paying some customers interest on mortgages by deducting that amount from the principal the borrower owes.”

The Rest…HERE

This entry was posted on Tuesday, April 14th, 2015 at 11:04 am and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.