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> As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve require
by kleton 6y ago
> As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.
https://www.federalreserve.gov/monetarypolicy/reservereq.htm https://www.federalreserve.gov/monetarypolicy/reservereq.htm
Not fraud though, because "When the president does it, that means it is not illegal"
- arcticbull 6y agoIt’s not fraud in the same way going to prison isn’t kidnapping.
- heavenlyblue 6y agoIt is when government is corrupt
- arcticbull 6y agoNo. Lol. We’re talking about a strict definition here. You have other issues in that situation, though.