One is a private company, where you are making a trade - they track your exercise habits, and in return you pay lower premiums. The other is the goverment. Now, I realise there are some people out th… (View Post)

I think one of the reasons - and I'm just spitballing here - is because SKS is a bit shit. (View Post)

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 Liabilitie… (View Post)

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… (View Post)

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). (View Post)