Making Sense: Where the money isn’t

Published February 19, 2009 5:00am ET



Willie Sutton is wrongly believed to have said he robbed banks because “that’s where the money is.” He never said that, and anybody who says it now would also be wrong.

A bank’s principal function is twofold: to be a depository for their customers’ money and to make profits by lending money and charging interest on the loans.

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