Quote:
| Originally Posted by Paul James Is the concept of established businesses relying heavilly on credit to be able to function fundamentally flawed?
Paul |
I Asked my bank manager this very question last week, Like most small Companies We have this thing called Profit, We put it into a bank to-
A. Buy new stock to make even more Profit
B, Save it for a period when times are a little more difficult.
C, Pay ourselves a wage.
Apparently the companies that rely on Credit to Operate have this the wrong way around, and the Likes Of RBS are quite happy to let them do it....
I'm Glad Im with Barclays.