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The stranglehold of banks comes from the special privileges they get to create credit, get bailed out for investment losses, get more favorable tax rates, and b
by an0malous 1y ago
The stranglehold of banks comes from the special privileges they get to create credit, get bailed out for investment losses, get more favorable tax rates, and be the instrument of economic manipulation through capital injections. No one would complain if they just assessed risk and invested money in businesses, the problem is the game is completely rigged for them, they cheat and steal, and then get bailed out for their failures.