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Old 11-30-2011, 05:53 PM  
stocktrader23
Let's do some business.
 
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Join Date: Jan 2003
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Quote:
Originally Posted by Sly View Post

So that is $4.5 billion and 650,000 customers spread across multiple major banks. That is peanuts.
$4.5 billion gives them a lot more than $4.5 billion in loans they can make. In fact, if enough money is removed they would have more loans out than legally allowed based on their deposits on hand. Pulling money out of a bank hurts them exponentially just like putting it in helps them much more than the $2000 in your savings account.
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