3 ms·
> However I'm under the impression that there are ledgers that are meticulously kept which track all balances, debt, and cash issuance which need to balance out
by bmelton 9y ago
> However I'm under the impression that there are ledgers that are meticulously kept which track all balances, debt, and cash issuance which need to balance out at every level (from the Gov/Fed to small banks); otherwise the institution would fall.
The more likely it is for the institution to fail as the result of malfeasance, the more certain it is that any malfeasance would be covered up quickly and thoroughly.