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

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• (edited )

They can also refuse withdrawals.

Edit: nevermind the reserve requirement is 0%

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

[–] • 1 pt

Nevermind the reserve ratio is 0% now

[–] • 1 pt

crazy right? think that should have been bigger news, but you know, clown world and all.

created ago

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