Posted by Socrates in bankers, banking, Big Finance, jewed finance, Socrates at 11:11 pm | Permanent Link
“In those days it was the private banks who were threatened, because they were cut out of the equation. No loans meant no interest and no profit margin. So they may well have been the source of a mysterious complaint made to England’s Privy Counsel which put a ceiling on the issuance of Guernsey notes […]