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/biz/ - Business & Finance


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54055515 No.54055515 [Reply] [Original]

and bankrupting is the same as defi rugpulls
change my mind

>> No.54055805
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54055805

>>54055515
>reserve requirements still at 0%
>interest rates rising for consumers
>bank profits increasing while businesses and homeowners go bankrupt
Bankers are evil but the level of scam they run is honestly brilliant
They’re literal thieves and society thinks they’re not just necessary but beneficial
It’s like getting paid by someone for stealing from them. Then they thank you for being a victim.
Fractional reserve banking is the ultimate Babylonian money magic
How did anyone ever think this was acceptable?

>> No.54056242

>>54055805
No joke
>Hey goy give use literally all your money and we'll take care of it by allocating it in stupid speculative assets and giving out fuckhuge loans that people will either spend their entire life repaying or default on, in which case we just get their collateral kek
>No we won't ever end up with liquidity prices or be insolvent in actual assets when a mark- i mean customer makes a big withdrawal that would never happen either
>Just leave millions with us that anyone can drain as long as they have two multidigit numbers and a fake ID.

Does the last one sound familiar bc it should

>> No.54056389

>>54056242
Meanwhile all the executives got rich off bonuses

>> No.54056435
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54056435

>>54055515
no one cares about whatever a cryptotard thinks

>> No.54056535

>>54056435
You forgot where you’re at bitch?

>> No.54056655

>>54056535
the problem is where you "think" you're at whore

>> No.54056681

>>54056655
hey fag
go back

>> No.54056704

>>54055805
What about "muh capital controls?"
This is the excuse for not having a reserve requirement.