now that's market competition!
Eugene Coyle wrote: > I agree it was a good read. I now recall one other aspect of it. Strong > banks used to secretly accumulate the bank notes of rivals. After amassing > a significant amount, they would present them all at once for redemption > into gold. The target wouldn't have enough on hand, having kept only > fractional reserves, and so was either embarrassed or destroyed. -- Jim Devine / "Nobody told me there'd be days like these / Strange days indeed -- most peculiar, mama." -- JL. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
