I asked this question on my panel last night: if the federal government is now explicitly backstopping all deposits, do we no longer have a fractionally reserved system anymore? 🤔
What are your thoughts?
We haven't had fractional reserve in a few years.
Fictional Reserve is more like it.
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Well that's a divide-by-zero-error reserve. What I'm implying isn't that we've moved to full reserve from fractional.
"Divide by zero reserve" 🤌
