[Sherman Logan]

Ahh, the old “nobody can possibly have a different opinion than I do unless he’s a paid tool of the oppressors.”

Sadly, the banksters aren’t paying me.

I have no desire to defend much of what goes on in “finance” today. If I did have the desire, I don’t have the knowledge. This stuff makes my head hurt.

BTW, for an excellent description of the way fractional reserve banking works, watch the bank run scene from It’s a Wonderful Life.

I guess George Bailey was a bankster, too.

[Toddsterpatriot]

BTW, for an excellent description of the way fractional reserve banking works, watch the bank run scene from It’s a Wonderful Life.

I guess George Bailey was a bankster, too.

Exactly!

If banks could lend multiples of deposits, they'd have no problem with bank runs.

[Talisker]

BTW, for an excellent description of the way fractional reserve banking works, watch the bank run scene from It’s a Wonderful Life.

I guess George Bailey was a bankster, too.

No, if you remember, George Bailey was a Savings & Loanster. Which meant the non-cash assets had to be verifiable as real property and not bank "instruments" protected by Fed-backed "insurance" based on money-printing.