Re: OT: Rating the President
"If 10 banks have 1 million dollars, and only one person is interested in borrowing it, what interest rate will the person pay? The lowest rate offered by a bank."
If 10 banks have 1 million dollars, and -no one- interested in borrowing (because everyone is saving as much as they can), what happens? The bank goes out of buisness. This is what Fyron is talking about.
Phoenix-D
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Phoenix-D
I am not senile. I just talk to myself because the rest of you don't provide adequate conversation.
- Digger
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