Henry RoyThinkers

The Bank rate (n.) breeds ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠its own gambling: betting on its changes through discounts became half the business of the great men of the money centre.

A Banker (n.) who ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠refuses a loan on a £200,000 bond will kindly offer to buy the bond himself for £150,000.