mastermind to Asklemmy@lemmy.mlEnglish · 1 year agoWhat's a scam that's so normalized that we don't even realize it's a scam anymore?message-squaremessage-square1066fedilinkarrow-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 · 1 year agomessage-square1066fedilink
minus-squarehavocpantslinkfedilinkarrow-up8·1 year 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.