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I'm basically against overbooking, but playing devil's advocate: is it that hugely different from fractional reserve banking? They claim you can get your money
by pcmonk 9y ago
I'm basically against overbooking, but playing devil's advocate: is it that hugely different from fractional reserve banking? They claim you can get your money out at any time, but that's not the case if everyone tries at once.
- stagbeetle 9y agoIIRC, there are safeguards in place to make sure there isn't a run on the bank. I'm fairly certain retail banks can borrow from the FED to mitigate that.