“Banks exist on the basis of trust. They’re really just … sophisticated Ponzi schemes.”
— Senator John Kennedy
#BankingBad nostr:note1u9n5dmu8pztjr7z5kcrlrvhpwd2lpk5yxgz25kjpkut6y3myxfrslu5la0
Sophisticated ponzi scheme is the perfect phrase to describe it.
It's rare to see such honesty in politics.
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