Quote:
Originally Posted by anarchy
Oh shit.. they own a bank? Yeah no doubt about it they prob used the epass funds to cover their loans. If that's the truth we're screwed. Fractional reserve banking at its best.
|
Yes, as ePassporte they can not loan out the funds we have on deposit, but if they also own the bank the ePassporte uses for their deposits, which it seems pretty clear that they do, then they can play the fractional reserve banking game...
Here are a couple posts from the aforementioned thread that go into more detail:
#1
http://www.gofuckyourself.com/showpo...9&postcount=96
Mirror:
http://www.gfy.com/17488019-post96.html
#2
http://www.gofuckyourself.com/showpo...&postcount=116
Mirror:
http://www.gfy.com/showpost.php?p=17...&postcount=116
Thread:
http://www.gofuckyourself.com/showthread.php?t=986358
Mirror:
http://www.gfy.com/fucking-around-and-business-discussion/986358-epassporte-info-money-probably-cura-ao.html