>We don't let MasterCard and Visa print up their own hundred dollar bills, after all. Some financial institutions may engage in fractional reserve lending, and

>We don't let MasterCard and Visa print up their own hundred dollar bills, after all. Some financial institutions may engage in fractional reserve lending, and if an entity can "securitize" or otherwise creatively determine the value of any assets or liabilities, then effectively they are allowed to create their own money.