mastermind to Asklemmy@lemmy.mlEnglish · 11 months agoWhat's a scam that's so normalized that we don't even realize it's a scam anymore?message-squaremessage-square1070fedilinkarrow-up1731arrow-down124
arrow-up1707arrow-down1message-squareWhat's a scam that's so normalized that we don't even realize it's a scam anymore?mastermind to Asklemmy@lemmy.mlEnglish · 11 months agomessage-square1070fedilink
minus-squarehavocpantslinkfedilinkarrow-up8·11 months ago In a nutshell, they are able to lend multiple times the money they hold from depositing clients. You’re describing “Fractional Reserve Banking” if anyone wants to look it up.
You’re describing “Fractional Reserve Banking” if anyone wants to look it up.