Comment on Borrowing money against their stuff to get more stuff to borrow money...
JcbAzPx@lemmy.world 1 month agoThey can get interest rates that are lower than the tax they would pay. Often, they hardly pay any interest at all.
Comment on Borrowing money against their stuff to get more stuff to borrow money...
JcbAzPx@lemmy.world 1 month agoThey can get interest rates that are lower than the tax they would pay. Often, they hardly pay any interest at all.
hexabs@lemmy.world 1 month ago
Why do banks do this? Sounds like a favor.
smeenz@lemmy.nz 1 month ago
Because a small rate on a large loan is still a lot of income to the bank
ThirdConsul@lemmy.zip 1 month ago
And of course because banks can create more money than they have.
JcbAzPx@lemmy.world 1 month ago
Well, many of the people that do this have large stakes in banks.