On: Banks beware, Amazon and Walmart are cracking the ...

[bombcar]

Banks do two things:

1. Help you spend money you have

2. Help you spend money you don’t have

The second is profitable the first is almost money-losing.

But the second attracts undesirables that can be hard to get rid of.

[DamnYuppie → bombcar]

I think you are grossly mistaken. Banks make way more money helping you buy things you can't afford. Just look at how much more they make off of credit than they do traditional banking services.

[bombcar → DamnYuppie]

Which is why I said the second is profitable …

But it brings the risks of those who don’t pay back which they do their best to avoid but regulatory rules come into play