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> everyone in the transaction wins Nobody ever thinks of the poor banks!
by strbean 7mo ago
> everyone in the transaction wins
Nobody ever thinks of the poor banks!
- JumpCrisscross 7mo ago> Nobody ever thinks of the poor banks! I thought about that. But a bank would rather lend in lots of high-confidence, low-duration deals than a small number of high-margin deals. The only people who lose when housing is built are incoment landowners. Because prices go down.
- lo_zamoyski 7mo agoUsury-as-a-Service.
- thaumasiotes 7mo agoIt's always been a service.
- pclowes 7mo agoAt scale banks only win as a facilitator of economic growth. As the adage goes they can only 3-6-3 if someone is making at least 7. For the everyman banks not winning is catastrophic.