“But how can this be? We’re in an financial downturn! Credit score markets are certainly squeezed!” I hear you say. Nicely, there’s one primary purpose why banks want you to nonetheless entry capital. Profit. We function in a fractional reserve banking system which implies that banks have the power to lend out cash in the form of loans based mostly on a share of what they’ve in deposits or vault money. So, for instance, in the event you have been to place $one hundred,000 into a bank’s financial savings account, that financial institution would then have the power to lend out 9x that quantity or $900,000 dollars. That $900,000 is created from thin air by the bank.
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