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Wednesday, May 26, 2010

If the bank goes bankrupt, where do they get a loan?

idk is not an answer, stop whoring for points.



As far as the real answer, all funds in the bank are secured by the federal reserve. Basically, it will never happen again in the forseeable future. Banks are required to hold a reserve of around 10% of all deposits and can borrow from the Federal Reserve at any time (although they prefer to borrow from other banks)



The banks, and the government, learned their lesson after the bank runs in the 40's



If the bank goes bankrupt, where do they get a loan?

idk



If the bank goes bankrupt, where do they get a loan?

The Government I think



If the bank goes bankrupt, where do they get a loan?

I think this question is just to be stupid, but the sceond answer is correct. When you see the FDIC logo on a bank that means the federal goverment is backing that bank, up to $100,000 per account. Any more money in the bank than that, and they go belly up, you are out of luck.



If the bank goes bankrupt, where do they get a loan?

what about the late 20 and early 30 when no one ad money and the banks lost everything. more banks went belly up then, then in the 40s hundreds of banks went out every month because there wasn't a FDIC

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