• SineSwiper@discuss.tchncs.de
    link
    fedilink
    English
    arrow-up
    5
    ·
    2 days ago

    If it’s in a bank, that’s peasants’ money, not the stock options and real estate and foreign accounts and Bitcoin investments and the other thousands of ways the capitalists hide money.

    • DefinitelyNotAPhone [he/him]@hexbear.net
      link
      fedilink
      English
      arrow-up
      9
      arrow-down
      1
      ·
      2 days ago

      The bank’s money is the capitalists’ money; that’s what they’re loaning out to each other and investing into stocks. A mass bank run would run through Wall Street like a wildfire.

      And the FDIC is the government bailing them out, that’s the entire point of insuring money in bank accounts.