I've never heard it used but I imagine it has to come from the fact that Venice and Florence in Italy was the first areas that made big money in banking during the Renaissance. The name bank derives from the Italian word banco "desk/bench", used during the Renaissance by Florentines bankers, who used to make their transactions above a desk covered by a green tablecloth. They took over papal banking monopolies from rivals in nearby Siena and became tax collectors for the Pope throughout Europe. In 1306, Philip IV expelled Jews from France. In 1311 he expelled Italian bankers and collected their outstanding credit. In 1327, Avignon in France had 43 branches of Italian banking houses.
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2007-10-15 18:00:20
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answer #1
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answered by ericbryce2 7
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Not before this post. But now that I've googled it, I still don't really know what it is. lol! Sounds like regular same ol' same ol' hype to me. :0/
2007-10-15 18:07:35
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answer #2
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answered by CosmoHunter 3
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Yeah, I've heard it when referring to "positions"!
2007-10-15 18:29:22
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answer #3
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answered by dizzkat 7
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