By Larry Chiang
When you deposit money in a bank. The bank used to be under a fractional reserve. A fraction of the reserve is to be kept.
Now, banks are required to hold zero.
reduce reserve requirements to 0 percent in light of the shift to an ample-reserves regime and to support lending to households and businesses by depository institutions
 |
Larry Chiang @duck9 (@LarryChiang) |
|
#cs183bBC
Some sly 🐶 hacked the FOMC notes and did this edit:😂😂😂😂😂😂😂😭👇🏻😭😭 “reduce reserve requirements to 0 percent in light of the shift to an ample-reserves regime and to support lending to households and businesses by depository institutions†|
|
 |
Omar Bham (Crypt0) (@crypt0snews) |
|
If you thought it was crazy thay Wells Fargo made millions of fake bank accounts for people, get ready for the fake loans that banks will be making with the new ZERO reserve requirements 😂
|
|
FOMC notes screen shot from my personal iPhone, 650-283-8008, that Steve Jobs texted me on
Duck9 is a credit score prep program that is like a Kaplan or Princeton Review test preparation service. We don't teach beating the SAT, but we do get you to a higher credit FICO score using secret methods that have gotten us on TV, Congress and newspaper articles. Say hi or check out some of our free resources before you pay for a thing. You can also text the CEO:
