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"...some hardworking person loses their savings" No they don't. Loans are insured against default. Interest rates more than cover extremely low default rates a
by themartorana 10y ago
"...some hardworking person loses their savings"
No they don't. Loans are insured against default. Interest rates more than cover extremely low default rates and then some.
- tn13 10y agoClearly you don't understand banking.
- themartorana 10y agohttps://en.wikipedia.org/wiki/Credit_default_swap?wprov=sfsi1 https://en.wikipedia.org/wiki/Credit_default_swap?wprov=sfsi... https://en.wikipedia.org/wiki/Collateral_protection_insurance?wprov=sfsi1 https://en.wikipedia.org/wiki/Collateral_protection_insuranc... http://www.investopedia.com/articles/investing/022416/why-banks-dont-need-your-money-make-loans.asp http://www.investopedia.com/articles/investing/022416/why-ba... https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008?wprov=sfsi1 https://en.wikipedia.org/wiki/Emergency_Economic_Stabilizati... Clearly you spend more time attempting to belittle than understand the conversation.