LogFAQs > #941443001

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TopicWait how are Savings Account "FREE" exactly?
Tropicalwood
06/29/20 5:37:47 PM
#28:


Should point out the glaring flaw with banks. Since they require investments using EVERYONE's money, if say they loan out half the money, then everyone is out of work due to a financial crisis. People will pull their money from the banks, more than the banks actually have on hand in fact, which causes them to crash.

This has happened since the beginning of IOUs, and is why some places won't let you withdraw a certain amount without fees.

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