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Sure I could do that. That's how I ended up with a Honda Civic. I can also ask my friends if they like Bank Of America or CitiBank or whatever; but to truly und
by smtddr 13y ago
Sure I could do that. That's how I ended up with a Honda Civic. I can also ask my friends if they like Bank Of America or CitiBank or whatever; but to truly understand the health of a bank... I'd need a degree or something.
- drcode 13y agoNo, you just go to a bank that maintains 100% fractional reserves (if you don't wan't to take on additional risk) No degree required.
- smtddr 13y agoEasier said that done apparently... http://www.ronpaulforums.com/showthread.php?148961-Any-Full-Reserve-Banks&s=217681f16d69f4b47677d503901cb123 http://www.ronpaulforums.com/showthread.php?148961-Any-Full-... I'm having trouble understanding how such a bank would be profitable; assuming banks need to be profitable to justify their existence.
- drcode 13y agoThey're not profitable because of the existence of fdic insurance.
- dragonwriter 13y ago> They're not profitable because of the existence of fdic insurance. Even without FDIC insurance a bank with 100% fractional reserve couldn't be profitable (or even operate), unless accounts had negative interest rates, as it couldn't loan money out from deposits to earn revenue.