Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Basically banks rely on their deposit base for issuing new loans. The problem with Northern Rock was they were borrowing from other banks.
So how much money do the banks earn off retail (you and me)deposits which are then lent all over the shop.
They say they don't earn alot out of deposits, but that's gotta be them mixing up the accounts.
If N Rock were holding around 4billion and they aren't even classed in the top 10 of retail deposit holders, how much does Lloyds hold on their Current account 0.1% interest rate??
Being a bank is good, use other people's money and buy the world.
N Rock v Free Banking
was they were borrowing from other banks.
Reply With Quote