https://pjmedia.com/vodkapundit/2013/03/18/banking-101-the-european-edition/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 09:16:03 -0400<![CDATA[The way a bank works, is you put your money in there for safekeeping, and to stimulate economic activity. The bank lends your money to other people, wanting to buy homes or cars or to start a small business. In exchange, you get paid a small fraction of the interest the bank collects on its loans. Now, the government provides deposit insurance, so that in case there&#8217;s a run or the bank fails, your deposits are&#8230;]]>Mon, 18 Mar 2013 09:08:32 -0400<![CDATA[Stephen Green]]>https://pjmedia.com/vodkapundit/2013/03/18/banking-101-the-european-edition-n242201