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Is that a trick question? it's because banks get to make money without doing any work. It's a wonderful position to be in, the middle-man who just takes a cut o
by Sophistifunk 7y ago
Is that a trick question? it's because banks get to make money without doing any work. It's a wonderful position to be in, the middle-man who just takes a cut of everybody else's transactions.
- Gibbon1 7y agoIn 2009 the Fed tore down the wall between retail and investment banks. Which allowed the Fed to pump the latter full of cash. Stands to reason that every other large non-finance corporation wants to get in on that.