At present in America if a bank holds $500K it can lend $5M without penalty. | Poal: Say what you want.

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At present in America if a bank holds $500K it can lend $5M without penalty.

They can also refuse withdrawals.

https://archive.ph/ffhOz

Edit: nevermind the reserve requirement is 0%

They can also refuse withdrawals. https://archive.ph/ffhOz Edit: nevermind the reserve requirement is 0%

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[–] • 4 pts

Don't forget just how leveraged that $500K initially was. Ponzi would be proud.

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[–] [deleted] • 1 pt

And you get an interest rate on that leverage because fuck the goy

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