Just when it’s finally earning some interest?
Whatever interest you are paid, the bank is taking in multiples of that amount by lending that money out.
Which is, in essence, the point of a banking system.
But since they are now run by the 👃, not so much.
Well, that is how banking works. I’m not going to lend you or anyone else money. At least they are willing to do that.
Peer lending is a thing and if interest rates hit double digits it is something I will get into.
Literally the point.
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