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Originally posted by USXpat
reply to post by Ashaman Kyre
Actually, I think the banks had quite a lot to do with pressuring Congress to pass laws...
Originally posted by ProtoplasmicTraveler
reply to post by JonInMichigan
I would suggest this to you, no man is an island, and what you know is only as useful as your ability to put it to good use.
Originally posted by Stewie
reply to post by Tempest333
"All bailout banks are so severely monitored"....
Are you sure you are in the business you say you are in? If you are, you should know how ridiculous that assertion is.
Whom exactly are monitoring these banks?
Originally posted by USXpat
reply to post by ProtoplasmicTraveler
So... if we declared war on the banks... and then spared their lives... everything they have would be subject to our mercy. I have absolutely nothing against this idea. Really, the Army and Marines should be fighting the bankers instead of Afghanistan. Of course, this is a dangerous idea... so it makes me wonder whether the bankers have really done a good risk assessment. Let's see what the elections bring. Not too hopeful, but the tide seems to be shifting a bit.
Originally posted by dbloch7986
reply to post by Chai_An
On the contrary, civilization has taken a whole new meaning. We are too civilized. Civilization now involves submitting to you masters so they can keep you in line. We are slowly being denied freedom of action and movement. Not through ouright prevention, but through the much more insidious means of denying us the resources needed to do it.
Originally posted by OutKast Searcher
That's right...don't use money...since you all think the evil banks create this money out of thin air. If you are doing any of the above...you are a huge hypocrite.
The fact that banks are required to keep on hand only a fraction of the funds deposited with
them is a function of the banking business. Banks bor row funds from their depositors (those
with savings) and in turn lend those funds to the banks’ borrowers (those in need of funds).
Banks make money by charging borrowers more for a loan (a higher percentage interest rate)
than is paid to depositors for use of their money. If banks did not lend out their available funds
after meeting their reserve requirements, depositors might have to pay banks to provide
safekeeping services for their money.
For the economy and banking system as a whole, the practice of keeping only a fraction of
deposits on hand has an important cumulative effect. Referred to as the fractional reserve
system, it permits the banking system to “create”money.