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> I think part of the problem is banks don't make much money from the average account outside of fees Umm.. how about 'using your money to fund interest earnin
by cat199 9y ago
> I think part of the problem is banks don't make much money from the average account outside of fees
Umm.. how about 'using your money to fund interest earning loans'?
- raugustinus 9y agoAnd then fund more loans on those loans. Like fractional reserve banking.
- sgroppino 9y agoThen package them up and sell them as a triple-A bond. Hey we are getting somewhere now.
- arcticbull 9y agoWhat could possibly go wrong ^_^
- Retric 9y agoA large number of accounts go close to zero every month limiting banks ability to use them for loans.
- pjc50 9y agoLoaning out money at 1-2% isn't great either, once you've accounted for administration and defaults.