Comment: Fractional reserve banking?

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Cyril's picture

Fractional reserve banking?

I take it you're alluding to the broad and calamitous practice of "fractional reserve banking" over deposits and loans?

Well, while this is not only fundamentally immoral but also economically disastrous, it is quite well documented:

http://en.wikipedia.org/wiki/Fractional_reserve_banking#Mone...

'HTH,

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius