Comment on Borrowing money against their stuff to get more stuff to borrow money...
smeenz@lemmy.nz 2 weeks agoBecause a small rate on a large loan is still a lot of income to the bank
Comment on Borrowing money against their stuff to get more stuff to borrow money...
smeenz@lemmy.nz 2 weeks agoBecause a small rate on a large loan is still a lot of income to the bank
ThirdConsul@lemmy.zip 2 weeks ago
And of course because banks can create more money than they have.