rcs1000

That's not how fractional reserve banking works. If you look at the balance sheet of pretty much any bank it will look something like this: Assets: Loans - $80m Goverment Bonds - $20m Liabilities: Cu… (View Post)

As I recall, Iceland had the advantage that it was UK depositors who funded their banks not Icelandic ones. The Icelandic banks effectively let their UK subsidiaries fail, pushing the cost onto the U… (View Post)

Not quite: the 70:1 ratio is the ratio of loans to shareholder's equity, not to ratio of loans to deposits (which was much closer to 1:1). (View Post)

Did you know that Disney has its own management education center that gives out qualifications: they truly can be called Mickey Mouse degrees. (View Post)

What about those of us who were paid for 80,000 but only worked for -say- 15,000? (View Post)