@[email protected] to [email protected] • 11 months agothe debtlemmy.worldimagemessage-square164fedilinkarrow-up11.09Karrow-down192
arrow-up1995arrow-down1imagethe debtlemmy.world@[email protected] to [email protected] • 11 months agomessage-square164fedilink
minus-square@[email protected]linkfedilink11•11 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-square@[email protected]linkfedilinkEnglish11•11 months agoNot literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn’t care about the differences
minus-square@[email protected]linkfedilinkEnglish14•11 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.
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…