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Banking is the study of the business conducted or services offered by a bank.
“ In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in ...more ”
“ The point is, ladies and gentleman, that greed -- for lack of a better word -- is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind. ”
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[close] Thought provoking books and discussion for credit union professionals, CUSO professionals, and those working for other companies serving the credit union industry.
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[close] For all of those interested in economic mutualism; its history and its application to our modern world.
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[close] ...January 17, 2014 to February 16, 2014...
1 member, last active 6 years ago