Quote:
Originally Posted by Crumb
I don't think that any bank fuck up has anything to do with the fractional reserve system.
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It is not.
Most of the money has no fractional reserve requirement at all!
Quote:
Originally Posted by Crumb
I think it has to do with too much high risk credit.
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-- which comes about as a result of the implicit government guarantees. Now, we the tax-payers are expect to bail them out.