Thread: A note of caution for those with deposits in US Banks
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Old 09-02-2008, 02:50 AM   #3 (permalink)
bkkandrew
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bkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the net
Meanwhile, the collective sum of all US banks are now technically bust/bankrupt/insolvent/skint/brassic/broke/penniless/short of a bob or two (select your favorite...

See:

FRB: H.3 Release--Nonborrowed Reserves

They now actually have a NEGATIVE sum of money in reserve. Scary...
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