How does the Bank work ?
The Bank works by paying its cusomers to lend money.The depositing customers gains a small amount of money in return(intrest on savings,)and the lending customers pay a larger amount of money to the Bank in return(intrest on loans).To make money for itself ,the bank keeps the difference.
Did the banks cause the financial crisis ?
The financial crisis was primarily caused by deregulation in the financial industry.that permited banks to ingage in hedge fund trading with derivates.
- Do you think the financial crisis is caused by the Banks ?
- Do you think the Banks are are negative or positive ?