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It’s easy to make a profit when everyone is strapped for cash and you have an infinite supply
by mstipetic 6y ago
It’s easy to make a profit when everyone is strapped for cash and you have an infinite supply
- bawolff 6y agoThere's no such thing as infinite money. Cash just symbolizes value its not actually "value", and you can't make infinite value by just printing infinite cash.
- mstipetic 6y agoI’m not the person you should be explaining that to
- bawolff 6y agoYou seem to think that the government's control of the money supply means its easy for them to make a profit.
- mstipetic 6y agoNo I think that it's easy for people that got the bailout to make a profit while being flush with cash in a crisis which they themselves caused, with no repercussions. Printing that money devalues everyone else's money, so it's basically a transfer of wealth from everyone to wall street.
- imtringued 6y agoThe banks don't have to manufacture the product. They just sell it. The easy money is the profit margin on the lending activity because the profit margin is usually constant, regardless of the state of the economy. I'm not saying banks are evil but they do have it easy because they are core infrastructure that people don't want to live without.
- speedplane 6y ago> It’s easy to make a profit when everyone is strapped for cash and you have an infinite supply I’d expand this... It’s easy to make a profit when everyone is strapped for cash.
- downandout 6y agoPerhaps, but the point was that these banks in no way “socialized their biggest failures”.