{"version": "1.0", "type": "rich", "title": "5th February 2021", "author_name": "kontextmaschine", "author_url": "https://kontextmaschine.com", "provider_name": "kontextmaschine", "provider_url": "https://kontextmaschine.com", "url": "https://kontextmaschine.com/post/642274535033503744/", "html": "

strongfag:

rudy-ruby:

strongfag:

guerrillatech:

This really says a lot about our society.

Uh, what exactly (genuine question)

*hits bong*

\n

when regulated interest rates went below inflation during the turn-of-the-80s crisis they responded with money market accounts, fixed-term Certificates of Deposit, risky loaning that bid up real estate value and provoked the S&L crisis, ultimately mergers and the Sarbanes-Oxley end of the depository/investment banking wall, the move to 401(k)s for long-term savings; individual retail deposits aren\u2019t really the things capitalizing banks now and even if you depleted their on-hand stock of bills it wouldn\u2019t be a run, you could still use ATMs and debit cards elsewhere

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