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I agree they should be regulated But they are nothing like a bank The feature of a bank is credit creation. Lending more money than they hold. Unless I miss

by worik 4y ago

I agree they should be regulated But they are nothing like a bank The feature of a bank is credit creation. Lending more money than they hold. Unless I missed some news PayPal does not do that

robertlagrant 4y ago
This is what I was wondering - to my understanding the main reason banks need to be regulated is to stop them over-lending.