Posted on 09/08/2019 10:02:04 AM PDT by NohSpinZone
Fractional Reserve Lending
I understand why you would say that, but the two cases aren’t quite equivalent. Depositors in banks engaging in fractional reserve banking (should) understand that the bank will use their deposits to make investments that will earn a rate of return that will both grow their asset base and allow interest to be paid to depositors (lousy as it might be). Banks must make a good-faith effort to invest their depositors’ funds wisely and a fiduciary duty to follow the rules and act in their clients’ best interest. The element of risk for the depositors and the aspect of acting in the best interest of those depositors by the bank moves it out of the realm of simply harvesting free money resulting from human error.
So you left California,
You going to post another
Photo?
To Weird,,,
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.