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Because they can "legally" commit fraud by lending 9x more (in the US) than they have and the central bank will print money (devaluing everyone elses money) in
by stevedekorte 17y ago
Because they can "legally" commit fraud by lending 9x more (in the US) than they have and the central bank will print money (devaluing everyone elses money) in order to cover their losses if needed.