Economic Update with Richard D. Wolff cover image

Inflation - How Markets Fail

Economic Update with Richard D. Wolff

00:00

What Happens When a Bank Makes a Big Fat Loan?

The bank makes the loan because it's going to get back ten, 20, 30, forty % of that loan in fees and early payments. The government of the strong man leader who gets the loan uses it to build up its political support. Another part of the loan is used to pay fees and consulting bids to the very bankers from whom the loan comes.

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