1. Why Aren't the Banks Getting Loans Instead of Handouts?
... a Wonderful Life" during a run on the bank, Jimmy Stewart's character explains that he doesn't have the cash on hand to pay out all of the bank accounts of the account holders. Their money is spread into things like the loans on each other's houses and businesses. What Jimmy doesn't talk about is a ... thing called "Money factoring". Money factoring is very complicated and runs on a variety of algorithms, regulated by a lot of policy and more law than you even want to think about, but the concept is simple enough to grasp. Money factoring essentially makes it ... enterprise that most peo...
- Word Count: 578
- Approx Pages: 2
- Grade Level: High School