It seems to me that the amount of money in a person’s bank account is just a bunch of numbers in a computer’s hard drive. Who actually checks and see if no one just puts
“extra numbers” in someone’s bank account?

It seems to me that the amount of money in a person’s bank account is just a bunch of numbers in a computer’s hard drive. Who actually checks and see if no one just puts
“extra numbers” in someone’s bank account?

I hear this alot but don’t fully understand the process that led to the boom in sub prime mortgages and banks profits.
How did the banks make money from selling packaged up sub prime mortgages to investors, and why would the investors purchase them?
Where these investors the likes of Goldman Sachs and Lehman Bros?

It seems to me that the amount of money in a person’s bank account is just a bunch of numbers in a computer’s hard drive. Who actually checks and see if no one just puts
“extra numbers” in someone’s bank account?

It seems to me that the amount of money in a person’s bank account is just a bunch of numbers in a computer’s hard drive. Who actually checks and see if no one just puts
“extra numbers” in someone’s bank account?

It seems to me that the amount of money in a person’s bank account is just a bunch of numbers in a computer’s hard drive. Who actually checks and see if no one just puts
“extra numbers” in someone’s bank account?