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The Water Cooler
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Bank of America documents get released by Anonymous - 60 billion home mortgage fraud
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<blockquote data-quote="Model 70" data-source="post: 1486005" data-attributes="member: 4583"><p>Cogent? Perhaps not to the original content of the thread, and I do apologize for the deviation from the original thread subject.</p><p>Sure, fractional banking was used by some banks that were willing to hang way out in the breeze as far as risk went. For the banks, it's all about the interest payments. The more that they had out in loans, the more that they could expect back on a monthly basis. However, they did not have the group protection that is enjoyed today by the backers of the FED. Back in the day, a run on a bank would put it out of business, bankrupt as it were. That won't happen today. Even back in the fifties and sixties, a phone call was all it took for a bank that was experiencing a run to have a sudden influx of fiat money to cover their shorts (pun intended) and the books just kept on collecting interest.</p></blockquote><p></p>
[QUOTE="Model 70, post: 1486005, member: 4583"] Cogent? Perhaps not to the original content of the thread, and I do apologize for the deviation from the original thread subject. Sure, fractional banking was used by some banks that were willing to hang way out in the breeze as far as risk went. For the banks, it's all about the interest payments. The more that they had out in loans, the more that they could expect back on a monthly basis. However, they did not have the group protection that is enjoyed today by the backers of the FED. Back in the day, a run on a bank would put it out of business, bankrupt as it were. That won't happen today. Even back in the fifties and sixties, a phone call was all it took for a bank that was experiencing a run to have a sudden influx of fiat money to cover their shorts (pun intended) and the books just kept on collecting interest. [/QUOTE]
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Bank of America documents get released by Anonymous - 60 billion home mortgage fraud
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