1585
I used the poor to defeat the poor
(lemmy.world)
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this post was submitted on 23 Oct 2023
1585 points (98.2% liked)
Funny
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"We've overleveraged ourselves giving out loans that we can't fully back, so here's a contribution fee to ensure that we don't collapse."
-A completely legal financial institution
No worries bro. If things get rough for ya the government will just bail you out on behalf of taxpayers. You are all good. Thanks for the fee chap.
The economy is saved once again!
Cut to economy tied up in gitmo getting waterboarded
Eh I think it's more of a "fuck you, just because we can."
Many loans are sold off as securities, though it depends on the bank. The fuckery is strong though.