Amongst some papers I discovered a brochure for the Presbyterian Mutual Society, it is undated but seems to be around 2002/2003. On looking at it I have some questions for the church and the former Board of Directors during the period from then until its collapse.
Quantitative Easing – part 2
Imagine a bank that looks like this (simplified for my benefit as much as anything else!):
It has £100,000 of money on deposit. According to banking rules, each bank is allowed to loan out 90% of the money it holds on deposit. Or to put it another way it must keep 10% of the [...]
