Re:Bank Run at Silicon Valley Bank
by jongjong on Thursday March 09, 2023 @07:42PM
(#35089001)
Exactly, and even in those cases, it only serves to enrich certain people who intermediate the loans and to satiate reckless or impatient consumers. It's more like gambling; it appeals to and takes advantage of human nature but doesn't benefit the individual; it only benefits the house. It doesn't actually provide any true value to society.
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This is nonsense. We're rich. Broadly.
Re:Bank Run at Silicon Valley Bank
by brutusborn on Thursday March 09, 2023 @08:57PM
(#35089514)
I disagree, loans can benefit both parties if they are well regulated. In these cases loans provide a lot of value for society. Reckless loans are a symptom of an under regulated system (or in the case of the GFC, a combination of under regulation and no effective enforcement).