-
Re: The Life of Nigel – politicalbetting.com
I think one of the reasons - and I'm just spitballing here - is because SKS is a bit shit.3 -
Re: The Life of Nigel – politicalbetting.com
That's not how fractional reserve banking works. If you look at the balance sheet of pretty much any bank it will look something like this: Assets: Loans - $80m Goverment Bonds - $20m Liabilities: Cu…1 -
Re: Control Alt Delete – politicalbetting.com
As I recall, Iceland had the advantage that it was UK depositors who funded their banks not Icelandic ones. The Icelandic banks effectively let their UK subsidiaries fail, pushing the cost onto the U…1 -
Re: Control Alt Delete – politicalbetting.com
Not quite: the 70:1 ratio is the ratio of loans to shareholder's equity, not to ratio of loans to deposits (which was much closer to 1:1).1 -
Re: Control Alt Delete – politicalbetting.com
Did you know that Disney has its own management education center that gives out qualifications: they truly can be called Mickey Mouse degrees.6
