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| Thread ID: 136978 | 2014-05-08 23:14:00 | Hear Hear! | ruup (1827) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1374488 | 2014-05-10 12:59:00 | LOL I wish. :D | Winston001 (3612) | ||
| 1374489 | 2014-05-11 01:26:00 | Personally I like what ROBERT REICH has to say re economics.He did a great doco called 'Inequality for All" which is available in some places...He has a website. http://robertreich.org/ |
ruup (1827) | ||
| 1374490 | 2014-05-11 10:01:00 | I thought it was common knowledge that if all the people with deposit money in any Bank were to wish to withdraw all their funds the Bank would be unable to pay. If you or I were to try the same trick we’d be charged with “Trading when knowingly insolvent”. I’m afraid there are rules for some, and rules for others. :rolleyes: I don't know why this is so controversial, banks have been operating this way for centuries, by and large without any problems at all. No bank just accepts deposits from customers and then leaves that as cash just sitting in their safe. Also, I think you need to check your definition of insolvent. It is where someone can't pay their debts, or their liabilities exceed their assets. Neither is the case here! Despite the large profits that the banks make, we're actually quite lucky we have solid and stable banks, look at the problems in some European countries where the banks weren't as well run. |
Chikara (5139) | ||
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