4 ms·
Going to need a _huge_ source on that claim. Investing customer funds is the primary way banks make their money, and has been that way essentially since the inv
by cmeacham98 4y ago
Going to need a _huge_ source on that claim. Investing customer funds is the primary way banks make their money, and has been that way essentially since the invention of banking.
From https://en.wikipedia.org/wiki/Fractional-reserve_banking https://en.wikipedia.org/wiki/Fractional-reserve_banking:
"Fractional-reserve banking predates the existence of governmental monetary authorities"