Re:Sen. Manchin demands complete US ban on Bitcoin
by dragonwriter on Thursday February 27, 2014 @02:53PM
(#7314542)
> They're not profitable because of the existence of fdic insurance.
Even without FDIC insurance a bank with 100% fractional reserve couldn't be profitable (or even operate), unless accounts had negative interest rates, as it couldn't loan money out from deposits to earn revenue.
Even without FDIC insurance a bank with 100% fractional reserve couldn't be profitable (or even operate), unless accounts had negative interest rates, as it couldn't loan money out from deposits to earn revenue.