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In the past we had periods of time when there was stability, and good availability of capital at reasonable prices, punctuated by the complete reverse - which we call banking crises, Haldane says.
So, at the first hearing to call banking chiefs to account for how they have spent a collective $165 billion in taxpayer money, the pitchforks were tabled — for the most part.
But a lot of what we now call "banking" really just consists of making bets on just about anything you can dream up.
Similar(56)
Cautious banks call bank robberies "unauthorized withdrawals".
MOBILE operators know who you call; banks know what you buy; supermarkets know what you eat.
I'm what you call "bank staff" – it's like agency work.
The Times would not call bank robbery a "brutal cash gathering technique," even if a president said it was so.
According to Box office Mojo, Halle Berry's feature film, The Call banked 51M.
"This man didn't call banks and law firms, he called places of vulnerability," one audience member said.
Such contrarian moves are at the heart of what Goodwin calls banking "another way".
That night I watched a movie on Netflix called Banking on Bitcoin.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com