[Axenolith]

Where did the “reserves” come from to expand lending during the previous housing bubble? Where are they coming by from now?

C’mon Hamilton, you’d carry more water if there wasn’t far more leveraged debt than easily liqifiable assets...

[Toddsterpatriot]

Where did the "reserves" come from to expand lending during the previous housing bubble?

Same place they always come from.

C'mon Hamilton, you'd carry more water if there wasn't far more leveraged debt than easily liqifiable assets...

Okay, Jefferson, explain what the proper ratio is between the two and why ...