ByteOnBikes@discuss.online to A Boring Dystopia@lemmy.world · 2 days agoBorrowing money against their stuff to get more stuff to borrow money...discuss.onlineimagemessage-square192linkfedilinkarrow-up11.41Karrow-down111
arrow-up11.4Karrow-down1imageBorrowing money against their stuff to get more stuff to borrow money...discuss.onlineByteOnBikes@discuss.online to A Boring Dystopia@lemmy.world · 2 days agomessage-square192linkfedilink
minus-squarehexabs@lemmy.worldlinkfedilinkarrow-up2·22 hours agoWhy do banks do this? Sounds like a favor.
minus-squaresmeenz@lemmy.nzlinkfedilinkarrow-up1·21 hours agoBecause a small rate on a large loan is still a lot of income to the bank
minus-squareThirdConsul@lemmy.ziplinkfedilinkarrow-up1·20 hours agoAnd of course because banks can create more money than they have.
minus-squareJcbAzPx@lemmy.worldlinkfedilinkEnglisharrow-up1·22 hours agoWell, many of the people that do this have large stakes in banks.
Why do banks do this? Sounds like a favor.
Because a small rate on a large loan is still a lot of income to the bank
And of course because banks can create more money than they have.
Well, many of the people that do this have large stakes in banks.