A con artist has a great idea: hell open a bank without investing any capital and lend
Chapter 0, Problem 2(choose chapter or problem)
A con artist has a great idea: hell open a bank without investing any capital and lend all the deposits at high interest rates to real estate developers. If the real estate market booms, the loans will be repaid and hell make high profits. If the real estate market goes bust, the loans wont be repaid and the bank will failbut he will not lose any of his own wealth. How would modern bank regulation frustrate his scheme?
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