Banks usually use the deposits of their customers and use it as a loan to another, like for example. Say that I deposited $800 to the bank and u walk in and say u need a loan of $800 to help u buy a Honda, first before the bank gives u the money, they will check your credit score to see if u are reliable and trust worthy to get the loan and give it back to the bank, so they check your score, if its good they will loan u the money, but in some banks, they give it to u, but some people don't realize that banks are making more money cause while they loan, they can charge u fees like say monthly, just by giving u the money to loan, so that's why its better to buy a car in cash forward rather than ask a loan, cause banks are going to give it to u, but when u give it back to them they will charge u a fee just by getting a loan from them. If u don't repay them or loan them back, they can take the money by FORCE : that means they can just take it out of your card and can use the authorities as a shield and tell them why so they can have that as a reason, so that's why its called ''repossession'' of where the bank takes your things if u don't loan them back.
It's been 50 years since a dairy farm in New York state became home for Woodstock and groundbreaking music history! to many the festival is still seen as a defining symbol of the 60's counterculture idealism and anti war movement
In the 1920s and 1930s, the oil, agriculture, and entertainment industries attracted millions of people to southern California, which overtook northern California as the economic engine of the thriving state
