Clinton -- doomed & wagging, Japan collapses, Y2K bug, etc Message Board

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Politics : Clinton -- doomed & wagging, Japan collapses, Y2K bug, etc

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To: SOROS who wrote (702)	10/28/1998 10:01:00 PM
From: Fred Ragan	Read Replies (1) of 1151

Paragraph six; It seems to me that if banks could create $100 to lend from $6 deposited that you would have an interesting money machine. To wit: $100 @ 5% = $5 Interest income Less $6 @ 4 % = $.24 Interest expense $5 - $.24 = $4.75 $4.75 / $5 = 95% Looks like a pretty profitable business to me. Anybody care to explain how this might work?

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