Re:Joint Statement by the Department of the Treasury, Federa...
by ProjectArcturis on Sunday March 12, 2023 @09:01PM
(#35129127)
If you allow banks to make extremely speculative investments with depositor money, you end up with Ponzi-like behavior that ultimately hurts unsophisticated retail folks. Just like all the crypto "banks" offering 20% staking that are collapsing now.
All you've described is a way to build a pitfall for naive investors so they can lose the first $20k they've ever saved.
All you've described is a way to build a pitfall for naive investors so they can lose the first $20k they've ever saved.