Re:How to get a job at Google, interview questions & process
by jrockway on Wednesday September 15, 2010 @03:30AM
(#1693610)
How exactly are they evil? They borrow your money at a certain rate, and loan it to other people at a higher rate?
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Re:How to get a job at Google, interview questions & process
by sgift on Wednesday September 15, 2010 @04:58AM
(#1693715)
Without getting into the evil/not evil argument: This is not quite correct. A bank can lend more money than they have/borrow. The bank must only maintain a specific ratio of equity and loans. For more details see Basel I, Basel II and the upcoming Basel III, which (should) regulate the loans of banks.