Actually banks lend a *lot* more money than they take in as deposits. I wrote a synopsis about it here: www.assetpreserver.com...
On Oct 25 09:34 AM been there before wrote:
> Of course, the banks are now making profits because the taxpayers > have assumed the risk and what the banks have left is the profitable > revenue stream from servicing and service fees. The bonuses are > being earned from the banks
Where's the Outrage at the Banks? [View article]
On Oct 25 09:34 AM been there before wrote:
> Of course, the banks are now making profits because the taxpayers
> have assumed the risk and what the banks have left is the profitable
> revenue stream from servicing and service fees. The bonuses are
> being earned from the banks