but that's his jam though...da fukk he gon post if you take that away from him?
Bernie Ya'll :snoop:
- Thread starter DEAD7
- Start date
plushcarpet
Superstar
Wouldn't a bank need to make profits in order to loan money out? And the more profits it makes, the more it can give to people...?but he's right
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
I like how this thread is literally about taking offense at the idea that institutions should primarily exist to benefit society rather than generate profit. Especially considering these institutions are banks, which by definition create no material wealth.
His grind is prolific
but that's his jam though...da fukk he gon post if you take that away from him?
His grind is prolific
go back and read Bernie's tweet again and I will give you one point
and tell me where you did the switcheroo or strawman and I will give you another point for a total of 2 points
I don't have time to do a lecture on money creation and show you how many ways you are wrong
nor do I feel like asking to read Bernie's tweet again
nor do I feel like going into the history of the wealth class giving money away to the poor
plushcarpet
Superstar
Dude, the function of banking is literally to make profit, if that wasn't its main function then it would be a charity not a bankgo back and read Bernie's tweet again and I will give you one point
and tell me where you did the switcheroo or strawman and I will give you another point for a total of 2 points
I don't have time to do a lecture on money creation and show you how many ways you are wrong
nor do I feel like asking to read Bernie's tweet again
nor do I feel like going into the history of the wealth class giving money away to the poor
You can't profit less as a bank and at the same time give out more, that doesn't even make sense
If you knew anything about money creation you would have realized that fact already
Bingo
marxists are the most power hungry people on the planet and they disguise it by "being for the people"
please
WE NEED TO STOP THE OUT OF CONTROL GREED IN THIS COUNTRY
So give me 60% of your income and I'll figure it out
Type Username Here
Not a new member
The function of banking is to bank. "Affordable" plays no role in anything except politics.
For any good or service there is both a supply of it and a demand for it; one has no idea how affordable or unaffordable that good or service is going to be. Moreover, when profits rise, that sends a signal to would-be competitors, which will increase the supply, thus driving prices back down. If this isn't happening, it's a good indicator that the market for that good or service isn't "free" enough, i.e. it's too regulated...
...and yet Mr. Sanders wants to regulate it even more.
The supply and demand shyt isn't some scientific law. I can give you countless examples of supply and demand not factoring into the equation.
Domingo Halliburton
Handmade in USA
Problem is they're so afraid of having non performing loans ticking up and suddenly regulators and the government are all up your ass. They're in this regulatory limbo after 2008 and don't want to take any risk lending.
Domingo Halliburton
Handmade in USA
plushcarpet
Superstar
I know how fractional reserve banking works, it's an ingenious system that leverages the entire country's population/workforce to create economic growthBanks lend out money technically creating new money. If that makes sense.
This is the result of assclowns like you running from debates.
My point still stands.
The point is not relegation, its enforcement.
For you to even suggest nationalizing the banks should be treasonous.
I_Got_Da_Burna
Superstar
In the libertarians world, there are no bank regulations. If you were dumb enough to sign off on a predatory loan, you should have kept your money to yourself. Yea that would really boost confidence in the banking system.
God you libertarians are so dumb...y'all live in a fantasy world where big banks would have a conscious.
Guess what morons...if the banks are borrowing money from the feds at a near 0% interest rate, then yes they have a duty to give affordable mortgages to the taxpaying people. Dumbasses
God you libertarians are so dumb...y'all live in a fantasy world where big banks would have a conscious.
Guess what morons...if the banks are borrowing money from the feds at a near 0% interest rate, then yes they have a duty to give affordable mortgages to the taxpaying people. Dumbasses