Thread: GFY Economists, MBA's, CEO's and who ever thinks they have an answer
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Old 01-14-2009, 03:21 PM  
mona
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Join Date: Feb 2008
Location: Mona = "female monkey" in Spanish
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Quote:
Originally Posted by DamageX View Post
Exactly, the fractional reserve banking system has been in place for centuries already, credit drying up is an issue of the current crisis.
It's hard for banks to lend when they don't have any cash
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