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I'm not going to claim that finance isn't a clusterfuck - but paying people to store things securely isn't exactly strange. If anything the amazing thing was t
by gaff33 8y ago
I'm not going to claim that finance isn't a clusterfuck - but paying people to store things securely isn't exactly strange.
If anything the amazing thing was that people would pay us to look after our money in the first place!
- ru999gol 8y agoBut I already pay them extra for that and they do work and profit with my money. You think your bank is just doing nothing with your money? I think its not too much to ask to want to at least get interest matching inflation. But go defend the noble banks why not.
- greenshackle2 8y agoExcept they don't store all of it, they loan it out to other people and pocket the interest
- ShorsHammer 8y agoYou give them $100,000 and they store $5000 of it, at best. If other people take their money out first you'll end up with zero, if you're lucky though a government bailout will come along and the loss is outsourced onto future taxpayers. The bank doesn't have your actual money on hold in case you want it.