Any body else livid that they haven’t gotten payday because TD screwed the pooch on direct deposits?

If this was the end of the month I might have become … intemperate.

Edit-spelling

  • Inky@lemmy.caEnglish
    2·
    1 year ago

    What about lending? The key economic function of banks is transforming liquid customer deposits into longer duration loans.

    • investorsexchange@lemmy.caEnglish
      11·
      1 year ago

      That was the key economic function about a hundred years ago. Since 2006 or so, their key economic function seems to be transforming shit loans into AAA-rated investments and selling them to suckers, then getting bailed out by the government. That’s not an improvement. They can still offer loans, but they should either borrow that money from the government at the overnight rate (if deposit accounts are nationalized) or use their own capital. That way, they are more likely to be accountable for the quality of their business.