Thread: News Is The Federal Reserve A Private Bank?
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Old 09-05-2014, 04:32 PM  
_Richard_
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Quote:
Originally Posted by aka123 View Post
No, I wasn't saying the same thing. Lending from what you have got is totally different thing than lending from what you don't have.

But yeah, bank can lend 90 % of your deposits to you and keep 10 % in reserves. Although, not very useful practice regarding the customer, as you have to pay interest. So, no motive to do so.
drunk posting is bad form!
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