I even saw a Forbes article complimentings big banks for holding 2% reserve despite 0% reserve requirement. 🤦🤦
Discussion
what's interesting to me is I wonder how many people realize that the 2% reserve, means that out of all the money the bank has accepted as deposits, (that large sum x 2%) is all the money they actually have at the bank.
Same article was complaining that Fed doesn't have tools to control social media against a bank run.
There is no salvation for the guy who wrote that article.
bitcoin will swallow them