3 ms·

>...holding a fraction of deposited money as reserves... US banks haven't had reserve requirements since March 2020. https://www.federalreserve.gov/monetarypo

>...holding a fraction of deposited money as reserves... US banks haven't had reserve requirements since March 2020. https://www.federalreserve.gov/monetarypolicy/reservereq.htm https://www.federalreserve.gov/monetarypolicy/reservereq.htm

jfrunyon 5y ago
And yet their assets:liabilities ratio is still approximately "#DIV/0!" times that of Tether.
- dsjegkl 5y ago
  I highly doubt Tether has embezzled 100% of their assets.
  - jfrunyon 5y ago
    I highly doubt you know what "approximately" means.