The Banking franchise (was; What's in Sirius' Vault at Gringott's? )

[jodel at aol.com]

No: HPFGUIDX 60317

Sabrina writes:

<< Granted, we don't know what kind of arrangement the goblins have with the 
wizarding world (peace treaties etc.) but still I think it is quite risky.

Any thoughts? >>

Well, we were as good as told outright in the introduction of Fantastic 
Beasts that there has been a long history of struggle for dominence between human 
wizards and the goblins. And the seclusion of the wizarding world (which is 
maintained by all of them in a coopertive effort) is something that could not 
have been brought off without some pretty major negotiations and concessions 
along the way. I've assumed that the exclusive banking franchise was the Wizards 
Counsel's price for the goblin's cooperation in the project. 

That Binns had his 4th years writing weekly essays on goblin rebellions 
throughout the 18th century is a pretty strong indication that the banking 
franchise in itself was not enough to satisfy them all. I suspect that the goblin 
"government" disclaimed any responsibility in any of such rebellions with a lot of 
po-faced denunciations about malcontents while doing nothing to quell them.

-JOdel