I belong to a bank in Michigan that still has all its branches open, (non closed yet) And if your bank closes then your mortgage will be bought up by another bank and then you will own them the $100,000 or whatever. The debt note is simply transferred. I have thought of the same thing but I am not that lucky to have my mortgage forgotten.
Warren Buffett made a comment years ago: It goes like this.....The very basic concept of a bank makes money, You loan out money at 7% and pay 3% in interest to account holders. The 4% differential is what the bank gets.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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