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Topic	'The world does not have a debt problem: it has a wealth inequality problem...
Darkman124 07/19/17 1:10:42 PM #40:	Sativa_Rose posted... At least in the US under Dodd-Frank, banks are required to hold an amount in reserves based off of the amount they have in deposits (and other assets they own). They have a maximum leverage ratio that they are allowed to have. The more they have in reserves (like deposits in a savings account), the more they can lend. So at least in the US, I don't see how it could be true to say that the amount of lending is not related to savings. I don't know what he's talking about with the Bank of England, though. That's why I made a comment earlier about how the Europeans seem to be having a "war on savings". They are doing some crazy stuff over there with negative interest rates and whatnot. this is a relatively lax requirement, since the banks don't technically 'hold' most of their loans for more than a day or two and generally sell them straight to FNMA/FMAC and then just buy the right to service the loan --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:883207962] in 'The world... [t:75581755]...</cite> <quote><cite>Sativa_Rose posted...</cite> <quote>At least in the US under Dodd-Frank, banks are required to hold an amount in reserves based off of the amount they have in deposits (and other assets they own). They have a maximum leverage ratio that they are allowed to have. The more they have in reserves (like deposits in a savings account), the more they can lend. So at least in the US, I don't see how it could be true to say that the amount of lending is not related to savings. I don't know what he's talking about with the Bank of England, though. That's why I made a comment earlier about how the Europeans seem to be having a "war on savings". They are doing some crazy stuff over there with negative interest rates and whatnot.</quote> this is a relatively lax requirement, since the banks don't technically 'hold' most of their loans for more than a day or two and generally sell them straight to FNMA/FMAC and then just buy the right to service the loan --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.</quote> ... Copied to Clipboard!
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