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Back in the 80s mortgage backed securities were non-existent. FBA items qualify for FREE Shipping and Amazon Prime.
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They were paying 15 on deposits and making 6 on loans.
. As interest rates rose to historically high levels savings and loans across the country were in deep trouble. Something we hope youll especially enjoy. Fulfillment by Amazon FBA is a service we offer sellers that lets them store their products in Amazons fulfillment centers and we directly pack ship and provide customer service for these products.
The interest rate they were paying to depositors was repricing far faster than their mortgage books.
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