Re:Unknown Mozilla dev addon "Looking Glass 1.0.3" on browser
by fragmede on Friday December 15, 2017 @12:38PM
(#15933473)
Maybe not be the best analogy since that is exactly what banks do with your money while it's parked in your savings account - invest it in whatever they feel like. Probably not Bitcoin futures because the bank manager doesn't want to, but there's nothing stopping them from doing exactly that.
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Re:Unknown Mozilla dev addon "Looking Glass 1.0.3" on browser
by xg15 on Friday December 15, 2017 @12:52PM
(#15933594)
No, the bitcoin futures were my point. Of course they can re-invest in principle but the trust is tgat they won't invest them into something that is an obvious risk.
And no, they can't: In many countries there are regulations forbidding high-risk investments with regular savings accounts for exactly that reason.