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It's a clickbait way of saying it. "Just a bank" doesn't fly airplanes. It may own them, but it doesn't fly them. "Just a bank" doesn't sell tickets. Doesn'
by AnimalMuppet 3y ago
It's a clickbait way of saying it.
"Just a bank" doesn't fly airplanes. It may own them, but it doesn't fly them. "Just a bank" doesn't sell tickets. Doesn't have a department that finds lost luggage. Etc.
But "airlines are financialized now" doesn't capture eyeballs in the same way.
- TeMPOraL 3y ago> "Just a bank" doesn't fly airplanes. It may own them, but it doesn't fly them. I don't know. Big companies sometimes do silly stuff - even if this day it's mostly outsourced to marketing agencies. It wouldn't surprise me to learn that some bank somewhere is operating a de-facto airline for some reason that somehow makes them money...
- AnimalMuppet 3y agoWas, not is. And "banks", not "bank". The banks either did this themselves or had a company that did it for them. They physically flew checks to the city of the bank they were written on, because flying the plane was cheaper than one day's interest on a billion dollars worth of checks. This stopped, IIRC, back in the 1990s, once electronic settlement got fast enough.