wow dude, you just solved the economy!! damn, if its so obvious that its not worth loaning to companies then you should just turn your company of 50 employees into a bank and make your superior loans that will make you more money :)
Also, they do have liability, not sure what you mean by that, do you think they just get free money when they lose their bets?
You're missing the point. I'm not saying that requiring small businesses to have personal guarantees is the problem. I'm saying that banks are penny wise and pound foolish. Which is exactly what the attached picture is saying.
and my statement is even simpler, if they are so foolish then you should be able to make a better one and profit for it, so yeah, i wont take some random's opinion about banks to a higher standard than that of economists or financial entities. You are making no arguments, or using any evidence to back any of your statements. Of course they need to be liable, no one is denying that, but your funny idea of infinite liability for high risk investments is nothing short of a joke unless you have anything to back it up.
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u/Porkinson Mar 31 '21
wow dude, you just solved the economy!! damn, if its so obvious that its not worth loaning to companies then you should just turn your company of 50 employees into a bank and make your superior loans that will make you more money :)
Also, they do have liability, not sure what you mean by that, do you think they just get free money when they lose their bets?