3 ms·

No, 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 ago
  Easier 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 ago
    They'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.