How would you pay your mortgage if the banks froze all electronic bank transactions?

[Anonymous]

Would the bank allow you to live in your home if the banks all over the world were frozen?

[ChicoFromThe305]

If all banks were frozen, all banks would fall apart, if you know how banks work then you'll know they use the money that is deposited into it, when someone deposits money into the bank, the bank uses a percentage of that money and lends it to someone else, through loans, when the person uses the loaned money to buy whatever they want they give it to someone else, then that person deposits the money into the bank and its a cycle that continues, all banks are connected, banks multiply your money, it's a system, your money doesn't just sit there when you deposit it lol

Which means if all banks were frozen, the system wouldn't function, bye bye banking system, bye bye banks lol

[MysticDevice]

If banks froze they'd have bigger problems than me not paying the mortgage. In any case, they'd be unable to pay the folks they'd send to evict me. And if they did send someone to evict me, well... have you ever seen the movie Home Alone?

[WhiteSandyBeach]

The banks would have no say in whether you lived in your home or not.

[Static_In_The_Attic]

I’ll be fine, I paid off my mortgage a few years ago.

[Asker]

Entitled

[Static_In_The_Attic]

Nope! I just worked my ass off for a long time & a lot of overtime.

[Anonymous]

I don't have a mortgage because I'm not a homeowner

[Asker]

I understand