Varven@lemmy.world to Memes@lemmy.ml · 5 months agothe debtlemmy.worldimagemessage-square46fedilinkarrow-up1380arrow-down132
arrow-up1348arrow-down1imagethe debtlemmy.worldVarven@lemmy.world to Memes@lemmy.ml · 5 months agomessage-square46fedilink
minus-squareshneancy@lemmy.worldlinkfedilinkarrow-up13arrow-down2·5 months agoif it makes you feel any better you’d go to prison if you decided to run a ponzi scheme… unless you’re a bank, that is
minus-squareVarven@lemmy.worldOPlinkfedilinkarrow-up9arrow-down2·5 months agoWait a bank is a Ponzi scheme
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up10arrow-down1·5 months agoNot literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn’t care about the differences
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up7·5 months agoLota of differences but the key is: A ponzi scheme pays returns out of future investment. Fractional reserve lending pays returns from interest collected on investments.
minus-squareѕєχυαℓ ρσℓутσρє@lemmy.sdf.orglinkfedilinkarrow-up6arrow-down6·5 months agoBank is legal because… reasons…
if it makes you feel any better you’d go to prison if you decided to run a ponzi scheme… unless you’re a bank, that is
Wait a bank is a Ponzi scheme
Not literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn’t care about the differences
Which is?
Lota of differences but the key is: A ponzi scheme pays returns out of future investment. Fractional reserve lending pays returns from interest collected on investments.
Bank is legal because… reasons…