|
Not one of those is a decent source of info. Australian messages on yahoo and somebodies page on blogspot don't pass the smell test.
You really need to do some research on fractional reserve banking, from reputable sources, you're way way off.
The higher dollar figure guarantees are situations where the govt has agreed to backstop losses for financial institutions, and/or total possible liabilities incurred by nationalizing fannie and freddie.....none of that means that banks are allowed to loan out 10 times their deposits. They loan out 90% of their deposits (assuming the reserve requirements for that particular institution are 10 percent)
__________________
sig too big
|