Would the law increase the fraction of deposits that banks must keep in reserve? Or would it set a hard minimum? The former seems reasonable and prudent; the latter seems an obvious ploy to squeeze small banks out of business.
Wes I don’t know the answer. What I do know is, the bank failures have been orchestrated, the aim is to reduce the banks to just three, and both the current administration and the Fed want federal digital currency; also, the housing market is in decline because money is already not being lent, as freely. Any new regs right now are suspect and probably stupid.
Thank you for passing this on.
Would the law increase the fraction of deposits that banks must keep in reserve? Or would it set a hard minimum? The former seems reasonable and prudent; the latter seems an obvious ploy to squeeze small banks out of business.
https://www.youtube.com/live/p0tO1JXMPdk?si=lKEJDVcFhlzaaFWK
Wes I don’t know the answer. What I do know is, the bank failures have been orchestrated, the aim is to reduce the banks to just three, and both the current administration and the Fed want federal digital currency; also, the housing market is in decline because money is already not being lent, as freely. Any new regs right now are suspect and probably stupid.
What was not clear was whether the survey was from the Republican or Democrat side.