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submitted 4 weeks ago by cm0002@infosec.pub to c/politicalmemes@lemmy.ca

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[–] piccolo@sh.itjust.works 1 points 3 weeks ago (1 children)

Do you think the federal bank hands banks money for free?

[–] wonderingwanderer@sopuli.xyz 0 points 3 weeks ago (1 children)

To other banks, billionaires, and mega corporations? Yes.

There might be some legal wrangling to keep the paper trails looking legit. Circular lending and all that. But that's essentially what they're doing.

[–] piccolo@sh.itjust.works 1 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

So the secret is start a bank for free money.

[–] wonderingwanderer@sopuli.xyz 0 points 3 weeks ago (1 children)

Sure, good luck with that. I suppose if you're born into generational wealth and have hundreds of billionaire friends then it would be pretty easy to pull that off...

[–] piccolo@sh.itjust.works 1 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Or you can gather your local community and form a credit union. Should be easy with the free money.

[–] wonderingwanderer@sopuli.xyz -1 points 3 weeks ago

If you can jump through all the hoops and red tape that are there specifically to prevent people like you and your community from becoming a part of that in-group where rules don't apply, the law protects but doesn't bind, circular lending and insider trading are the norm, and you receive both government subsidies and tax cuts at the same time, then yeah I guess you can enjoy all that free money...