[lbo-talk] Money is money

123hop at comcast.net 123hop at comcast.net
Tue Nov 8 18:33:32 PST 2011


Even the big banks don't use retail deposits to speculate. They mostly do the same kinds of things with them that credit unions do. Their speculation is funded by borrowing on wholesale credit markets.

SA ___________________________________

Right, but didn't B of A just move a whole lot of speculative accounts over to their FDIC guaranteed banking sector?

Joanna



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