Quote:
Originally Posted by aceventura3
First, there is a difference between demand deposit accounts (checking/savings) and investments made by financial institutions. Not all the institution you list had the same problem, so I don't know what you want me to address. In some cases investment banks were highly leveraged using investors money seeking high returns using collateralize mortgage agreements. This almost had nothing to do with normal banking operations.
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-- except that some of those investors were banks who were involved in normal banking operations.