Varven to Memes@lemmy.ml · 1 year agothe debtimagemessage-square169linkfedilinkarrow-up11.09Karrow-down198
arrow-up1994arrow-down1imagethe debtVarven to Memes@lemmy.ml · 1 year agomessage-square169linkfedilink
minus-squareconfusedbytheBasicslinkfedilinkEnglisharrow-up12arrow-down1·1 year agoNot literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn’t care about the differences
minus-squareconfusedbytheBasicslinkfedilinkEnglisharrow-up14·1 year 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-down12·1 year agoBank is legal because… reasons…
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…