1. Why Aren't the Banks Getting Loans Instead of Handouts?
... as falling into the same category, especially when they ding you for using outside ATM machines, monthly service fees, multiple fee fees, and etc. The list goes on. The truth of banking, however is that banks are not in business to service accounts. They are in business to loan money. In "It's 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 ...
- Word Count: 578
- Approx Pages: 2
- Grade Level: High School