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View Full Version : Economics is Fun, Part 12: Banking


Chris
03-08-2012, 08:25 PM
Just the basics...


http://www.youtube.com/watch?v=kRM58b9cMLM&feature=related
Conley
03-08-2012, 08:56 PM
Another good one.

What is a "High Street Bank" ?

I guess it is different over there because it seems our government did the exact opposite of what he said with regard to TARP and the bailouts.
Mister D
03-08-2012, 10:10 PM
This guy is prolific! :grin:
Conley
03-08-2012, 10:17 PM
This guy is prolific! :grin:

He's awesome.
Chris
03-09-2012, 06:31 AM
Another good one.

What is a "High Street Bank" ?

I guess it is different over there because it seems our government did the exact opposite of what he said with regard to TARP and the bailouts.
It's a UK thing: http://www.investopedia.com/terms/h/high-street-bank.asp#axzz1ocOVh5r8
Peter1469
03-09-2012, 07:26 AM
An interesting point concerns the central banks. In the us our central bank (the Federal Reserve) is private and when it makes money we owe interest. Follow the Constitution and have the Department of Treasury operate the central bank and those interest payments disappear. Of course that is minor $$ in comparison to the out of control spending of our government.....
Peter1469
03-09-2012, 07:28 AM
I think that it is an English slag term for a good neighborhood versus where the poor people live. Perhaps it means respectable. I heard it often when the Wife and I were in Edinburgh.
Conley
03-09-2012, 09:46 AM
Thanks guys - from Chris's link - "High street is roughly synonymous to the American term "Main Street."

Read more: http://www.investopedia.com/terms/h/high-street-bank.asp#ixzz1odBm6p1q"
Chris
03-09-2012, 07:08 PM
So the other side of the tracks is Low Street? Could be. There's High Church and Low Church in the UK.
Conley
03-09-2012, 07:14 PM
So the other side of the tracks is Low Street? Could be. There's High Church and Low Church in the UK.

Maybe so...not sure we have an opposite for Main Street. Skid Row? :laugh:
Chris
03-09-2012, 07:41 PM
Other Side of the Tracks :) That's what I remember hearing in old 50s films.
Conley
03-09-2012, 07:44 PM
Other Side of the Tracks :) That's what I remember hearing in old 50s films.

:laugh: That's right, and it actually was true where I lived. I think that was true in The Outsiders also.
Chris
03-09-2012, 09:55 PM
Yeah, I lived on the poor side of the tracks growing up. We weren't poor really, but we weren't rich.