Comment on Borrowing money against their stuff to get more stuff to borrow money...

• smeenz@lemmy.nz ⁨1⁩ ⁨week⁩ ago

  Because a small rate on a large loan is still a lot of income to the bank

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  • ThirdConsul@lemmy.zip ⁨1⁩ ⁨week⁩ ago

    And of course because banks can create more money than they have.

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• JcbAzPx@lemmy.world ⁨1⁩ ⁨week⁩ ago

  Well, many of the people that do this have large stakes in banks.

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