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Banking management has always been a Ponzi scheme. Take the money people give you to save, lend it out to make more money, rinse, repeat, do it again. The primary risks are bad borrowers and, worse, bank runs by the original depositors.
a little, yes.
For an unrelated question, say, what's your opinion on treasury companies?
Banking management has always been a Ponzi scheme. Take the money people give you to save, lend it out to make more money, rinse, repeat, do it again. The primary risks are bad borrowers and, worse, bank runs by the original depositors.