32 Gregory Mannarino:Wall Street SUPERBANK JP Morgan WARNS of Coming "FINANCIAL ACCIDENT." JPM: 2.5 Trillon in Deposits and only 576 Billion cash on hand. (Starts at the 9:00 min mark) (www.youtube.com) posted 1 year ago by ExplosionofBullSh1T 1 year ago by ExplosionofBullSh1T +32 / -0 3 comments share 3 comments share save hide report block hide replies
Welcome to fractional reserve banking. https://www.investopedia.com/terms/f/fractionalreservebanking.asp
Of course, Jimmy Stewart gives a good description of why it works this way in "It's a Wonderful Life".
Shut them down they don't qualify. Not asset backed. Phony cheaters robbing Peter to pay Paul scheme.