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)
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.)
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 !!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson