To: Red Badger
News Flash.
Your money isn’t in a bank vault.
Only arround 15% is retained at the bank.
The rest has been loaned out.
11 posted on
03/20/2023 10:04:24 AM PDT by
DugwayDuke
(Most pick the expert who says the things they agree with.)
To: DugwayDuke
The rest has been loaned out.
To Green Energy schemes, DNC affiliated shell corporations, and foreign financial institutions with the word ‘Islands’ in its title............
20 posted on
03/20/2023 10:38:27 AM PDT by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: DugwayDuke
Your money isn’t in a bank vault.
Of course not. Banks aren’t like Scrooge McDuck’s Money Bin, or a piggy bank for that matter. Banks try to make money with depositors’ money, that’s their whole point. No bank can withstand a real run, unless others come to its aid.
41 posted on
03/20/2023 11:02:38 AM PDT by
hanamizu
To: DugwayDuke
Is that why they call it “fractional reserve banking”?
Of course SVB (and/or some others) may use FICTIONAL reserve banking
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