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A bank has to be self sustaining, its deposits must cover portions of its debts. It can't work if it is based on the changeable altruism of an individual. As ac
by easytiger 11y ago
A bank has to be self sustaining, its deposits must cover portions of its debts. It can't work if it is based on the changeable altruism of an individual. As actually even happened in this case, hewasn't prepared to endlessly indemnify the loans, which is something he could do as a private lender.