Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: TruthConquers
"They were essentially insolvent, what reserves/ They had NONE, that is why the system froze up. THEY WERE ALL BANKRUPT."

They weren't insolvent, they were having a liquidity crisis. There is a difference. They had plenty of assets they just weren't assets that they could liquidate quickly to meet the demand for withdrawals.

And they probably had reserves, they just didn't have EXCESS reserves that they could draw out without being in violation of the Reserve requirements were.

97 posted on 04/01/2011 10:42:37 AM PDT by DannyTN
[ Post Reply | Private Reply | To 96 | View Replies ]


To: DannyTN

So, how many banks has the FDIC had to close now?
And let’s see, they ran out of money sometime ago, too?
Yes, indeed they most certainly were telling us how they were running out. And how many banks are on their list to fail? Hundreds?

You shills work real hard to keep the masses as uninformed as possible.

DEBT slavery is NOT capitalism.

And the dollar is below 76 today, fancy that.


99 posted on 04/01/2011 10:49:00 AM PDT by TruthConquers ( Delendae sunt publicae scholae)
[ Post Reply | Private Reply | To 97 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson