Off topic- Intuit logging in to my bank account?- Conclusion (I

John Dablin jdablin at ntlworld.com
Sat Oct 8 10:26:42 EDT 2011


On 08/10/11 12:57, . wrote:
> Be realistic- US banks are all fractional
> reserve based.  So if I deposit $100 into a bank they can multiply that
> money up to $90 while only keeping $10 in actual cash

Isn't it worse than that? I read somewhere they keep $100 and multiply 
it up to $900.

John Dablin


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