| Talkback | |
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Title: | Madoff and Banks | |||
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| Name: | Bob Saenz | | |||
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| City: | Silverdale | State: | Wa | | |
| Mr. Madoff`s scam is childsplay next to the US Banking system. Look at "fractional reserve banking" that is practiced all over the world. You deposit 1 million dollars and the bank can loan out ten times that amount with the FED`s blessing. When the bank goes under they only have to pay you back $250,000. Who came up with that scam? Congress? The Federal Reserve? Wake up you guys! |
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