To borrow money from you, paying you a low interest rate, but allowing you to withdraw it at a drop of the hat, while lending money to someone else, at high interest rates, but on a fixed, multi-year repayment schedule.
Borrow short, lend long. It's socially useful, and if the bank does it well, it stands to make a lot of money.
To borrow money from you, paying you a low interest rate, but allowing you to withdraw it at a drop of the hat, while lending money to someone else, at high interest rates, but on a fixed, multi-year repayment schedule.
Borrow short, lend long. It's socially useful, and if the bank does it well, it stands to make a lot of money.