On the Morality of Fractional Reserve Banking

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VirginianRebel
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Due to the bank failure at IndyMac, FDIC officials are saying that depositors will suffer up to $500 million in loses. The FDIC only insures up to $100,000, and for those who kept more than this amount in the bank, they are out of luck.

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Created 25 weeks 2 days ago

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