Replying to Avatar MainStreetChungus

So the fractional reserve system is insured by fractional reserves?

?cid=2154d3d7vkngmidpuwv46vfl6y9hcwfuqs4r0o1drwjhtmt0&rid=giphy.gif&ct=g
Avatar
The Daniel 🖖 2y ago

I mean…you didn’t actually think they had cash sitting in a vault just hanging around waiting for a bank collapse, did ya?

Reply to this note

Please Login to reply.

Discussion

Avatar
MainStreetChungus 2y ago

🤣 I actually just assumed they had absolutely nothing, $0. I thought they would immediately fire up the printers. Surprised there’s anything.

Avatar
Rich Nost 2y ago

Well, I mean, they basically take over failing banks, so I'm assuming some of those assets make it to their balance sheet.

Avatar
The Daniel 🖖 2y ago

Insurers are insured too. It’s turtles all the way down.