Sophisticated ponzi scheme is the perfect phrase to describe it.

It's rare to see such honesty in politics.

The legacy new anchors are like... "thanks for coming on, goodbye"

Banks borrow funds due immediately and lend for many years

As long as inflows exceed outflows, it doesn't matter what you do with the money, like any Ponzi

If net outflows are slower than the rate at which loans are repaid, this also works

But as soon as people want their money at a rate faster than the bank's return on investment, the bank is doomed