this post was submitted on 23 Oct 2023
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Funny

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[–] BetaDoggo_@lemmy.world 64 points 1 year ago (2 children)

"We've overleveraged ourselves giving out loans that we can't fully back, so here's a contribution fee to ensure that we don't collapse."

-A completely legal financial institution

[–] bobs_monkey@lemm.ee 3 points 1 year ago

Eh I think it's more of a "fuck you, just because we can."

Many loans are sold off as securities, though it depends on the bank. The fuckery is strong though.