shocked to hear that banks view depositors as creditors, which is pretty obvious even to me (and I know enough to distrust anyone who names a book *The Shocking Truth About...*). But isn't a savings deposit the same sort of liability to a bank as parts or raw materials are to a manufacturer? In other words, a liability but one you can't do business without. I understand that bankers might lose sight of this from their vantage on the commanding heights, but can they escape it? (Maybe evading it is all they need to do?)
On Fri, Mar 22, 2013 at 12:39 PM, Doug Henwood <dhenwood at panix.com> wrote:
>
> On Mar 22, 2013, at 12:35 PM, 123hop at comcast.net wrote:
>
> > You're right, it is basic accounting, but most people are not familiar
> with basic accounting and are not likely to view their assets from the
> point of view of the bank, to whom they are liabilities.
>
> I'm not talking about "most people," I'm talking about Ellen Brown, who is
> terrible.
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