Why does the government allow the banks to commit fraud through fractional reserve banking?

If I had and lent out . Would I still be able to say I have still had .

OF COURSE NOT, because I only have .

If you and I cannot do this, why does the government allow the banks to commit this fraud on the American people which has destabilized our entire banking system and economy.
Alex – Fractional Reserve banking has only been around from the last 200 years or so. Are you saying there were NO loans made before this time period?

Share
Powered by Yahoo! Answers