Criticism of fractional-reserve banking - Wikipedia, the free encyclopedia
plainly the best way to get round the fractional reserve regulations, which were vitally important, is securitisation that magical method of turning debt into money, which works up to the point that the borrowers are able to service or repay their debts. then suddenly those securities suddenly seem less secure and turn into worthless pieces of paper- hence the banks' collapse and the resulting credit crunch
for this to make sense you need to have watched the money as debt video(link on this blog)
Maggie Thatcher and her moneybags chums abandoned the fractional reserve regulations and Bliar and the fool Brown went down the same route hence the current cricise
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