/biz/ - Why are banks allowed to gamble with our money? - Business & Finance

Anonymous (ID: 0HoKSJHs) Archived

01/15/25(Wed)20:18:16 No.59605520

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Anonymous (ID: 0HoKSJHs) 01/15/25(Wed)20:18:16 No.59605520 Archived

Why are banks allowed to gamble with our money?

Anonymous (ID: glJ00xFT)
01/15/25(Wed)20:23:12 No.59605557

Anonymous (ID: glJ00xFT) 01/15/25(Wed)20:23:12 No.59605557

Because it's regulated and in principle the FDIC will save the day when a bank fucks up too badly.
Problem is, regulations have a tendency to become weaker when a certain kind of politician is in power, so banks get to do riskier things and rely on the old American adage to get by:
> Privatize the profits; Socialize the losses.
Also see: Too Big To Fail.

Anonymous (ID: ImL6KsgU)
01/15/25(Wed)20:30:23 No.59605585

Anonymous (ID: ImL6KsgU) 01/15/25(Wed)20:30:23 No.59605585

They made it so they make the rules
Banks are in power
Maybe consider doing something about that

Anonymous (ID: dL8BCsJx)
01/15/25(Wed)20:38:26 No.59605620

Anonymous (ID: dL8BCsJx) 01/15/25(Wed)20:38:26 No.59605620

>>59605520
Because you gave it to them to gamble with. You're free to keep it under your mattress though, nobody will stop you from sticking it to the man.

Anonymous (ID: 2q4wpeNG)
01/15/25(Wed)20:41:22 No.59605635

Anonymous (ID: 2q4wpeNG) 01/15/25(Wed)20:41:22 No.59605635

>>59605520
Why didn't you buy the answer, launched in early 2009?

Anonymous (ID: zBboiC3R)
01/15/25(Wed)20:43:26 No.59605648

Anonymous (ID: zBboiC3R) 01/15/25(Wed)20:43:26 No.59605648

>>59605620
Hell yeah brother that's why I buy silver.

Anonymous (ID: thd8jC9k)
01/15/25(Wed)20:45:25 No.59605660

Anonymous (ID: thd8jC9k) 01/15/25(Wed)20:45:25 No.59605660

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>>59605520

Anonymous (ID: QJ8Gqxo0)
01/15/25(Wed)20:47:15 No.59605669

Anonymous (ID: QJ8Gqxo0) 01/15/25(Wed)20:47:15 No.59605669

>>59605557
>Privatise the profits; socialise the losses
Never heard of that saying but dawn, exactly that

Anonymous (ID: HZ2cyn4b)
01/15/25(Wed)20:48:57 No.59605676

Anonymous (ID: HZ2cyn4b) 01/15/25(Wed)20:48:57 No.59605676

>>59605520
why are we allowed to slaughter cattle?
same question same answer

Anonymous (ID: zpIsRsd3)
01/15/25(Wed)20:51:35 No.59605691

Anonymous (ID: zpIsRsd3) 01/15/25(Wed)20:51:35 No.59605691

>>59605676
because they let us?

Anonymous (ID: HZ2cyn4b)
01/15/25(Wed)21:02:18 No.59605740

Anonymous (ID: HZ2cyn4b) 01/15/25(Wed)21:02:18 No.59605740

>>59605691
good job