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To: reaganaut1

I was surprised when I learned that - in accounting terminology - a “bank deposit” is a “liability” to the bank, and by the same token, an “outstanding loan” is an “asset.”


2 posted on 02/29/2016 10:45:27 AM PST by Steely Tom (Vote GOP: A Slower Handbasket)
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To: Steely Tom

Black is White....Up is Down....Good is Bad......this is just another one to add to our upside down world!


4 posted on 02/29/2016 10:47:39 AM PST by Ann Archy (ABORTION....... The HUMAN Sacrifice to the god of Convenience.)
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To: Steely Tom

The best part is that every time they make a loan they have more “assets” which means they can make another loan based on that increase in “assets”.


8 posted on 02/29/2016 11:06:42 AM PST by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory !!)
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