Varven@lemmy.world to Memes@lemmy.ml · 8 months agothe debtlemmy.worldexternal-linkmessage-square144fedilinkarrow-up1288arrow-down119
arrow-up1269arrow-down1external-linkthe debtlemmy.worldVarven@lemmy.world to Memes@lemmy.ml · 8 months agomessage-square144fedilink
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up2·8 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-up3·8 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-up0arrow-down3·8 months 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…