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If you're interested in knowing how banking works between banks, Planet Money had a podcast on it few years ago. Apparently bankers met at a parking lot in New
by peterjlee 10y ago
If you're interested in knowing how banking works between banks, Planet Money had a podcast on it few years ago. Apparently bankers met at a parking lot in New York and traded bags of paper checks back in the days.
http://www.npr.org/sections/money/2013/10/04/229224964/episode-489-the-invisible-plumbing-of-our-economy http://www.npr.org/sections/money/2013/10/04/229224964/episo...