Re:Counterfeiting Stock – Explaining illegal naked shorting ...
by eru on Monday February 01, 2021 @06:27AM
(#25987713)
Some fractional reserve banking systems do.
Historically, systems without lender of last resort have done quite well. See eg the Canadian system of the 19th century, with no lender of last resort, and that often ended up as an emergency lender to the mis-regulated and crisis-prone American system to the south.
Historically, systems without lender of last resort have done quite well. See eg the Canadian system of the 19th century, with no lender of last resort, and that often ended up as an emergency lender to the mis-regulated and crisis-prone American system to the south.