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A comment on I froze the salaries of my executive team to benefit other workers. Parent comment

Re:I froze the salaries of my executive team to benefit othe... by adrianN on Thursday May 16, 2019 @06:31AM (#19927699)
I don't support trickle down economics, but it's not the case that money in banks is just sitting around in a vault. The banks actually do stuff with the money. For example it's loaned out to real world businesses.
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Re:I froze the salaries of my executive team to benefit othe... by neffy on Thursday May 16, 2019 @07:08AM (#19927844)
No it's not - banks are statistical multiplexers.

They don't take money and lend it out. They create money, lend that, and then remove that money as the capital (loan amount) is repaid - or when the loan goes into default.

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Re:I froze the salaries of my executive team to benefit othe... by mschuster91 on Thursday May 16, 2019 @06:35AM (#19927718)
> The banks actually do stuff with the money. For example it's loaned out to real world businesses.

Traditional loan business is not the core business of banks any more, at least not where the big profits come from.

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