Borrowing short to lend long is always frought with danger. But banks do it all the damn time, that's why they started throwing Federal guarantees at them.
Telling people they have cash in the bank when the bank doesn't actually have cash has gone from being fraud to normal banking procedure.
Borrowing short to lend long is always frought with danger. But banks do it all the damn time, that's why they started throwing Federal guarantees at them.
Telling people they have cash in the bank when the bank doesn't actually have cash has gone from being fraud to normal banking procedure.
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