Another relevant news

December 2025 › Forums › General discussion › 100% reserve banking › Another relevant news

June 4, 2013 at 8:44 am #86806
ALB
Keymaster

Another relevant news item:http://www.thetimes.co.uk/tto/business/industries/banking/article3781429.eceQuestion for those who think a bank can create money from thin air by a stroke of the pen: why did the Co-op Bank not do this instead of asking for a loan from the Bank of England?  The answer that they would have regarded this as "unethical" won't be accepted.