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A comment on The Fed stalls the creation of a bank with a novel business model. Parent comment

Re:The Fed stalls the creation of a bank with a novel busine... by wodenokoto on Saturday September 22, 2018 @03:16AM (#18044915)
It's been a long time since I did eco101, but I thought the multiplier was what made it possible for a bank to receive a $10 deposit and loan out $100.
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Re:The Fed stalls the creation of a bank with a novel busine... by stephen_g on Saturday September 22, 2018 @03:19AM (#18044923)
The money multiplier has always been a simplified model that doesn’t actually explain how any modern real-world banks work.
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