Why are banks like this? Is this really all because of fractional banking?

Why are banks like this? Is this really all because of fractional banking? If so that shit needs to stop, it's not needed. Banks shouldn't need to make so much money, just be a fricking BANK.

POSIWID: The Purpose Of A System Is What It Does Shirt $21.68

The Kind of Tired That Sleep Won’t Fix Shirt $21.68

POSIWID: The Purpose Of A System Is What It Does Shirt $21.68

  1. 1 month ago
    Anonymous

    I never had issues like this. Sure you need to increase max daily withdrawal per banking app (which usually 2k). Then just go to the atm and get up to like 10k. Above that talk to the banker. German banks also use fractional reserves.

  2. 1 month ago
    Anonymous

    >just be a fricking BANK
    that has not been the case for ages now
    the money is in treasury bonds and CRE
    they're all underwater and the money is gone until 30 years

    • 1 month ago
      Anonymous

      Lmao we are so fricked

      • 1 month ago
        Anonymous

        it cant go any lower. we are DUE for an economic boom.

    • 1 month ago
      Anonymous

      if there's a reason for the "everything bubble" to pop, it would be this, a banking crisis, which is inevitable because of fractional reserve banking

      • 1 month ago
        Anonymous

        >if there's a reason for the "everything bubble" to pop
        what the FRICK are you even talking about
        there are no more bubbles, fiat is worthless
        if anything, it will send asset prices even higher because of federal insurances covering unrealized losses

        • 1 month ago
          Anonymous

          this lol why don't people get this? Muh bubble only means something with a hard currency.

  3. 1 month ago
    Anonymous

    Optimistically, this is done to protect irrationally emotional customers from handing over all their money to hindsightly obvious scams.
    And factually, they are correct: If people are not allowed to withdraw their money, they cannot lose it to scammers.
    This saves the bank a lot of effort on mostly pointless fraud investigations. An ounce of preventing customers from getting their money is worth a pound of cash.

    • 1 month ago
      Anonymous

      https://i.imgur.com/64RrsbP.png

      Why are banks like this? Is this really all because of fractional banking? If so that shit needs to stop, it's not needed. Banks shouldn't need to make so much money, just be a fricking BANK.

      Because customers are moronic, dude. They will be back in a week after withdrawing and kvetch and cry about how we didn't protect them from fraud. Your average bank goer who actually comes into the branch is typically too moronic to use an ATM or online banking. So yeah not gonna give money out to morons who then in turn come back and blame us for getting scammed.
      I'm more worried about you. You see some stupid ass tweet and get all upset about it and post on biz? Wtf?

      • 1 month ago
        Anonymous

        Optimistically, this is done to protect irrationally emotional customers from handing over all their money to hindsightly obvious scams.
        And factually, they are correct: If people are not allowed to withdraw their money, they cannot lose it to scammers.
        This saves the bank a lot of effort on mostly pointless fraud investigations. An ounce of preventing customers from getting their money is worth a pound of cash.

        >wow you're reacting to this tweet for no reason after I just explained to you why I think what that tweet is talking about is actually a good thing
        Who could make such a post? First of all, you're not "giving money out", it's their money and you should be thankful that they let you put it on your balance sheet. In an era where things like sports gambling is a swipe away on your phone and drugs are increasingly becoming recreationally legal, where within everyone's recent memory the banking sector went breasts up due to their own horrible, stupid decisions and had to be bailed out by the public sector, there's really no leg to stand on with this nanny state type of thinking. You're not the 'adults in the room', everyone knows the emperor has no clothes. Banks can't even help themselves, the idea that they should be deciding where their patrons' limits are is laughable.

      • 1 month ago
        Anonymous

        >us

      • 1 month ago
        Anonymous

        It's more for reasons like this, say he spent $3k on a shitcoin and tried phoning the blockchain to revert the transaction, this is why decentralization will never work

    • 1 month ago
      Anonymous

      oh why thank you mommy big bank for protecting me from the big bad real world! never let me go mommy, i know you'll always be there to help me never have to make my own decisions you're so kind! you must only have my best interests at hear forever and always so keep my money mommy!

    • 1 month ago
      Anonymous

      Imagine being such an autocratic dick sucker. Its time heads get chopped off.

    • 1 month ago
      Anonymous

      >No you don't get it, WE need to have control over your wealth, not you!
      Thank God this is bait because I would be disappointed if people were actually this fricking stupid and awful

      • 1 month ago
        Anonymous

        You give full control of your money to the bank the very moment you sign all the papers and put the money in.

        If anything you're the stupid one here for being surprised that bank is in control after you literally signed the papers saying that same exact thing.

        • 1 month ago
          Anonymous

          It's always the poorest motherfrickers who either don't know or understand this too. Like people who think $50k makes them "well off" or some shit.

  4. 1 month ago
    Anonymous

    i spend 4k 10k whatever at once no one ever cares. dunno what moron banks you guys are with but banks in western europe where i live have never given me any issues. neither with sending/receiving to/from exchanges nor with withdrawals. a long time ago i cashed out 40k in one go and then bought a car with it with a check no one cared.

  5. 1 month ago
    Anonymous

    why didn't i become a banker, my father told me to become a banker WHY THE FRICK DIDNT I TAKE HIS ADVICE, i could've been making money but instead im neeting, alone and investing in moronio for fricks sake how did i ruin my life like this

  6. 1 month ago
    Anonymous

    Who gives a frick? You realize cash is just as cucked as bank deposits right? Why you a lot doomer fricks not get this, they think cash is some sort of hard asset. Its an IOU just a bank deposits, except its even more worthless, its an IOU from the government lol. So a bank blocked you from withdrawing, so what, you were just trying to run one IOU into another. Hold real assets, not government money or bank money if you want real financial freedom.

    • 1 month ago
      Anonymous

      People need to withdraw cash to pay for food and buy shit like cars and houses. Absolutely nobody has 100% of their wealth stored in hard assets and if you have a job then your paycheck goes directly to your bank account and if you want to use it then you need to take it out somehow. Basically, you're underage and full of shit

      • 1 month ago
        Anonymous

        Its called a credit lol?
        >Absolutely nobody has 100% of their wealth stored in hard assets
        I literally pay my credit card with stock margin. I have negative exposure to cash.

      • 1 month ago
        Anonymous

        And you're an idiot if you still use banks in 2024, why do poorgays do this? Just direct deposit to your brokerage. Why do you idiots let banks cuck you with such dogshit interest rates?

        • 1 month ago
          Anonymous

          Gemini wouldn't allow me to wire directly to my brokerage, I had to route through a checking account.
          Not sure if I need a better exchange, or a better brokerage.

          • 1 month ago
            Anonymous

            Yeah use services that don't censor you, or just have banks accounts with $0 in them you just use to route payments around. Just never keep money in a bank because you're just giving them free money on the interest rate spread that they get from the fed for free. Cash is even worse because you just giving the government free money because they just dilute your share to fund gibs and wars.

  7. 1 month ago
    Anonymous

    I actually had something similar happen. My father passed and had 5k in his bank. Me and my bro split it and they asked if we wanted cashiers checks or cash. I said cash and they said actually we don’t have 2.5k cash. Why the frick did you give me an option.

  8. 1 month ago
    Anonymous

    >not your keys not your coins
    money not in your possession it's not your money

  9. 1 month ago
    Anonymous

    Pre-covid banks had to hold on to at least 10% of their customers deposits and not lend it out or do any other funny business with it. During covid, it was reduced from 10% to 0%. Last year they tried to raise it back up to 3% and the banks said "nope, 3% is too high and we can’t do it"

Your email address will not be published. Required fields are marked *