The Wall Street Ponzi Scheme called Fractional Reserve Banking

Borrowing from Peter to Pay Paul by Ellen Brown January 3, 2009 Cartoon in the New Yorker: A gun-toting man with large dark glasses, ... or broker that the funds will be there? The fact that banks are subject to “runs” (recall Northern Rock, Indymac and Washington Mutual) suggests that all may not be as it seems on our online screens [more...]

Date: 2009-01-03 16:28:15

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The Wall Street Ponzi Scheme called Fractional Reserve Banking

Borrowing from Peter to Pay Paul Cartoon in the New Yorker: A gun-toting man with large dark glasses, large hat pulled down, ... of coins or paper bills. How do we know that when we demand our money from our bank or broker ... and Washington Mutual) suggests that all may not be as it seems on our online screens. Banks themselves [more...]

Date: 2009-01-04 03:36:48

The Wall Street Ponzi Scheme called Fractional Reserve Banking

Cartoon in the New Yorker: A gun-toting man with large dark glasses, large hat pulled down, stands in front of a bank teller, ... do we know that when we demand our money from our bank or broker that the funds will be there? The fact that banks ... not be as it seems on our online screens. Banks themselves are involved in a sort of Ponzi scheme [more...]

Date: 2009-01-08 18:08:37

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