Where did I ever say that?
Sometimes they have to borrow to cover their reserve requirements.
What good is a reserve requirement if they can loan out 900% of deposits?
Remember, they cannot create an infinite amount of money, only an amount that is firmly anchored in what they have in deposits.
Right. 9 times deposits. LOL!
Toddster ~ Where did I ever say that?
Here:
Post # 145: Maybe you should explain to them that they'd save money if they wrote bad checks and sent bad wires, instead of borrowing?
Maybe I read that wrong, but that sounded like you said they didn't need deposits to cover the checks and wire transfers they made?