|
|
|
|
|
by _heimdall
1139 days ago
|
|
Yeah it's tricky, if not impossible, to pin down exactly how any one person's money flows through the books but at the end of the day all bank profits come from their customers. We may pay account fees, overdraft fees, document and origination fees when they open a loan, interest on a loan if they don't sell it, etc. Banks are in an interesting place because effectively any tax payer is going to have to have a bank account. In my opinion, that means tax payers are directly funding banks and the FDIC. There are other types of customers for banks so I wouldn't argue that tax payers are exclusively paying those feels but it feel disingenuous to see politicians claim tax payers aren't footing the bill at all. |
|