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me_irl
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this post was submitted on 11 May 2026
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me_irl
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The neat part about fractional banking is that the bank is allowed to just "create" money out of thin air and issue the debt to you. They don't have to have the money to issue the mortgage. They don't care that your debt is "risky" because investment banking is really just run off of vibes at this point.
Historically and today, discrimination has been a big factor in who gets approved for mortgages.
The entire concept of risk that not explicitly based on the individual, like extrapolating from population data, is discriminatory to the individual