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rexbee
on Sept 17, 2019
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NY Fed rescues overnight lending market with $53B
You can pay for lunch with a credit card without having the funds available.
jfk13
on Sept 17, 2019
[–]
That's assuming you have good enough credit to get a credit card (without exorbitant fees attached).
cddotdotslash
on Sept 17, 2019
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parent
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And you get good credit by proving to banks that you won't run off with their money. In fact, they will loan you $1000s each month at 0% interest if you pay it back the next.
bsanr2
on Sept 18, 2019
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root
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Unfortunately, the way credit risk is measured does not always measure actual credit risk, but your proximity to stereotypes of high credit risk.
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