Ultragigagigantic@lemmy.world to Lemmy Shitpost@lemmy.world · 7 months agoThomas Edison was the Elon musk of his eralemmy.worldimagemessage-square131fedilinkarrow-up11.74Kfile-text
arrow-up11.74KimageThomas Edison was the Elon musk of his eralemmy.worldUltragigagigantic@lemmy.world to Lemmy Shitpost@lemmy.world · 7 months agomessage-square131fedilinkfile-text
minus-squareRestrictedAccount@lemmy.worldlinkfedilinkarrow-up1·7 months agoLoan what? Banks can only work if someone has already made a profit that they can invest.
minus-squarePotatoesFall@discuss.tchncs.delinkfedilinkarrow-up1·7 months agoYeah people like to save money and that’s what banks invest and offer interest on. They then hand out loans with higher interest than they pay to savers. I’m pretty sure that’s already how banks work.
Loan what? Banks can only work if someone has already made a profit that they can invest.
Yeah people like to save money and that’s what banks invest and offer interest on. They then hand out loans with higher interest than they pay to savers. I’m pretty sure that’s already how banks work.