Browsing All posts tagged under »auctions«

Banks, bonds & rip-offs

May 6, 2018


If you owe a bank R50 000 and cannot repay on time, you have a problem. But if you owe a bank R1 billion and cannot pay, the bank has a problem. This, in monetary terms, sums up the relationship of rich and relatively poor. A sad example of this fact in practice relates to housing and forced sales.