Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on A quick breakdown of what SWIFT is and why it matters. Parent comment
"Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money."
So on the asset is a loan made by the bank.
There are no comments on this comment yet.
"Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money."
So on the asset is a loan made by the bank.