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Paul Mangione
- 1 min
Where Do Banks Get the Money When They Give You a Loan?
From Danielle DiMartino Booth Quill Intelligence with Professor Richard Werner explaining: "Where Do Banks Get the Money When They Give You a Loan?" (in 5 minutes or less) "Is it from deposits...or is it from excess reserves at the central bank...or is it just created out of nothing, out of thin air, invented?" Short Version: They book the loan as an asset and create a customer claim on the bank (aka a bank deposit) into your account as liability. Not exactly how Jimmy Stewar


Paul Mangione
- 1 min
Payment Transaction Update
Paul Mangione, payments, covid19 coronavirus economy covid fintech shift4payments pos
payments business innovation technology