Quote:
Originally Posted by jfman
Do you think there are savings deposits to cover all borrowing? Or course there isn’t. It’s frankly naive to think so.
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It's the multiplier effect which is how banks work. £1 in deposits for every £10 lent. Hence the need to bail out the banks in the Global Financial Crisis.
A good move here - the top floors of an upmarket shopping centre in Liverpool are bieng converted to a campus for a music college, co-owned by Robbie Williams.
https://www.liverpoolecho.co.uk/news...music-18594969