Deposits are carried on the banks books as liabilities. This is just an obama styled rescue they dreamed up for GM and Chrysler bondholders, last in line boys.
posted on 03/19/2013 1:05:36 PM PDT
(108th MI Group.....68-71)
That’s because the bank owes them to the depositor. To the bank they are a liability. To the depositor, they are an asset.
posted on 03/19/2013 9:06:43 PM PDT
(Barack 0bama: Implementing class warfare by having no class.)
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