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House Price Crash Forum

What's A Bank? Asks Fsa


Guest Ian Chesterton

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HOLA441
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HOLA442
Guest Shedfish

ah, The Daily Mash :lol:

they should get a Knighthood

A bank takes in spare money from people, which they called a deposit, and then gives it out to others as something called a loan.

But some banks borrow a lot of money off other banks and then give this money out to people as well, who don't give it back to them, and then we have a stock market. Or something like that.

He added: I can't be doing with all this chip and pin either...

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