Tag Archives: personal guarantee

Unproductive SMEs, Personal Guarantees and Bonuses

Banks create money when they issue a loan to a client. That money only exists in the bank’s and the client’s books. The current rules of creating money encourage and¬†incentivise banks to create money. They only make money on the … Continue reading

Posted in Mad Lemming | Tagged , , , , , , , , , , , , , , | 3 Comments