Understanding How Banks Work

This post by BertEEE on the Fool website describes the banking system and many of the terms that I’ve been reading about. BertEEE appears to work in the city and seems to be very knowledgable, he is kindly providing insight into the crisis from the coal face so to seak.

If you want to understand more about all the acronyms and banking talk that is appearing in various financial websites and blogs then I recommend reading it. I also thought the DukeOfYorks post (number 2618) was an interesting response.