4 ms·
> So much confusion is caused by the inability to distinguish between "gift" and "loan". What the difference between a gift and a loan that costs nothing?
by not_the_fda 4y ago
> So much confusion is caused by the inability to distinguish between "gift" and "loan".
What the difference between a gift and a loan that costs nothing?
- CompactNotice 4y agoIn fact, a loan on generous terms which causes the broader market to judge your entire industry as explicitly backstopped by the government, and thus lend you money at lower rates of interest than you would otherwise pay, is a gift that keeps on giving.
- deleted 4y ago[deleted]
- simonh 4y agoThe loans didn't cost nothing, and capital requirements were raised massively which severely dragged on the profitability of US banks. You can see this because European banks didn't face the same requirements and now after a period of making hay are looking very shaky, particular Credit Suisse.