/biz/ - Business & Finance

Just went all in, news stations all talking about reopening in 2 weeks. Bought a bunch of calls

fuck bears for holding me back, were going to all time highs

>>1852357
i know that banks support industries by giving out loans to promote economic growth, but recently with Wells Fargo literally stealing money out of peoples accounts and banks loaning money to people whom they know will default is shady business

>>1852359
im not sure if a 4 year economics degree is necessary to understand a single banking system concept

>>1852361
I was looking into "how banks make money" and it struck me as odd on how a $10000 deposit can easily turn into $100000 just from a small chain of people recursively depositing their money into the banks thus creating an infinite well of potential profits for banks


I guess my question is should we trust these banks? Id rather have my money tied up in tangible investments and not a meager interest rate return on my money which their using to make substantially higher profits

I just don't know how to combat such a large conglomerate, i am suffering from bankers wealth envy