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yes, obviously all of the bank's money comes from consumers. what other scenario do you see where a bank(etc) "eats the loss" but the money somehow comes from s
by throawayonthe 6mo ago
yes, obviously all of the bank's money comes from consumers. what other scenario do you see where a bank(etc) "eats the loss" but the money somehow comes from somewhere else
- jonathanlydall 6mo agoWhile it may be obvious to you that your fees include covering all the banks losses to fraud, I think that most people assume the bank makes less profit or something due to such incidents, when the truth is they just raise their prices to maintain profits.
- SkiFire13 6mo agoI don't see the difference between the two TBH.
- themafia 6mo agoIf the rate of fraud reduced bonus payments to executives.