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To: underground
Isn't this what happened to the bank in “It's a Wonderful Life?”
5 posted on 04/17/2008 7:57:46 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: 2banana

Kind of.. a few differences like the chart refers to the aggregate of the U.S. banking system, not one bank. Also, since the Fed keeps putting loans into the banks’ reserves, there’s enough liquidity to prevent an all-out bank run.

But its like, if you go to your ATM and withdraw a $20, that $20 is on loan from the Federal Reserve to your bank. I don’t know how the banks get out from under this. I guess that’s why they get paid billions each year - they figured out how to put all tax payers & dollar holders on the hook.


10 posted on 04/17/2008 8:12:08 AM PDT by underground (Viva la Socialisme Wall Street)
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