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[–] piccolo@sh.itjust.works 1 point 4 months ago (4 children)

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

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[–] wonderingwanderer@sopuli.xyz 0 points 4 months ago (3 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.

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[–] piccolo@sh.itjust.works 1 point 4 months ago (2 children)

So the secret is start a bank for free money.

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[–] wonderingwanderer@sopuli.xyz 0 points 4 months ago (1 child)

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...

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[–] piccolo@sh.itjust.works 1 point 4 months ago*

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

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