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To: Toddsterpatriot
Allowing banks to lend out less than their deposits (Multiplied by TEN) is just asking for trouble.

There.

Edited to fix the missing part.

9 posted on 05/19/2009 2:57:48 PM PDT by JOAT
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To: JOAT
A bank with deposits of $1000 and a 10% reserve requirement can loan $900.

Not sure what you're multiplying by ten. $900 is less than $1000.

Please feel free to show any error in my math.

10 posted on 05/19/2009 3:01:44 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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