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> consider which business wouldn't be at risk of closing down when half of their customers run away _at nearly the same time_. Almost all businesses that fail
by rajin444 4y ago
> consider which business wouldn't be at risk of closing down when half of their customers run away _at nearly the same time_.
Almost all businesses that fail do not take their customers life savings with them when they fail. That same life savings that’s being used to profit off interest bearing loans and risky investments at a disproportionate benefit to the bank.
- deleted 4y ago[deleted]
- lotsofpulp 4y agoPeople might consider them savings (and they can, because feds explicitly guarantee a certain amount, and implicitly more), but they are actually investing their savings, which means a possibility of loss. Even your savings in your home without a bank have a possibility of loss due to things like theft or pests or natural disaster. Or more commonly, inflation.