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A comment on Salim Kara stole $2M in coins with a magnet and a car antenna. Parent comment

Re:Salim Kara stole $2M in coins with a magnet and a car ant... by Retric on Tuesday January 02, 2024 @07:46AM (#38841075)
Fewer rather than zero businesses. Rich individuals could directly invest. Where banks shine is in making moderate risk investments which aren’t worth much individually but are a significant economic boost in aggregate.

Housing may be unaffordable, but people aren’t living in sod houses with dirt floors and no running water either.

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Re:Salim Kara stole $2M in coins with a magnet and a car ant... by robertlagrant on Tuesday January 02, 2024 @12:35PM (#38844338)
Going cap in hand to an angel investor for every £10k loan is not viable. And they don't have the levels of cash needed for this.

Why not use banks for this as well?

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Re:Salim Kara stole $2M in coins with a magnet and a car ant... by Retric on Tuesday January 02, 2024 @12:44PM (#38844457)
Get rid of Banks and many different things change.

Some wealthy investors would setup a lending operation using their own cash, based on historical examples of such. They would however need to charge higher interest rates than banks because they would be more capital constrained.

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