Bady@lemmy.ml to Asklemmy@lemmy.ml · 11 months agoWhat are some notable scams in history that went unnoticed for so long?message-squaremessage-square346fedilinkarrow-up1367arrow-down17
arrow-up1360arrow-down1message-squareWhat are some notable scams in history that went unnoticed for so long?Bady@lemmy.ml to Asklemmy@lemmy.ml · 11 months agomessage-square346fedilink
minus-squareSimba@lemmy.worldlinkfedilinkarrow-up7arrow-down2·11 months agoThey can’t. Unless they’re referring to scummy mega-banks that exist by fucking over the little guy with random fees, hard to close accounts, and other scummy practices like Wells Fargo, BofA, etc. But banks as an institution? No.
minus-squareErC@lemmy.cryptoriot.orglinkfedilinkarrow-up2arrow-down3·11 months agoLol. “Banks are good. Except those giving banks services”
minus-squarespongebue@lemmy.worldlinkfedilinkarrow-up2·11 months ago“Banks are bad. Mattresses are good, store money there.”
minus-squarerothaine@beehaw.orglinkfedilinkarrow-up1·11 months agoThrough the magic of fractional reserve lending, banks are able to loan you money that doesn’t exist.
elaborate
They can’t.
Unless they’re referring to scummy mega-banks that exist by fucking over the little guy with random fees, hard to close accounts, and other scummy practices like Wells Fargo, BofA, etc.
But banks as an institution? No.
Lol. “Banks are good. Except those giving banks services”
“Banks are bad. Mattresses are good, store money there.”
Through the magic of fractional reserve lending, banks are able to loan you money that doesn’t exist.