3 ms·
The bank was insolvent because of bad debts, so the grandfather put the bad debts on his books and some of his good debts on the bank's books so that the bank w
by debacle 3y ago
The bank was insolvent because of bad debts, so the grandfather put the bad debts on his books and some of his good debts on the bank's books so that the bank was solvent.
- 1oooqooq 3y ago> poor grandfather > only judge in a town > enough money to send all nephews to college > enough money to literary "save the bank" with nothing but his amateur money lending hobby checks out the background of everyone who tells others to just "pick themselves up by their bootstraps". Rest in peace.