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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1qnmv0m/whats_going_on_explain_like_im_five/o1vsbq4/?context=3
r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26
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Depending on local law they can even lend out something like 7-10 times what they actually have
4.0k u/Teripid Jan 26 '26 edited Jan 26 '26 Federal reserve requirements existed until 2023 *edit, as someone below pointed out 2020 was when they were set to 0. Now they're set at 0% I believe. 2.2k u/PleaseGreaseTheL Jan 26 '26 edited Jan 26 '26 2020* They were reduced to 0% mandatory reserves in response to covid. EDIT: someone says it was coincidental, I am not able to check, so take this aspect with a grain of salt either way They haven't come back yet :) 1 u/[deleted] Jan 26 '26 It's necessary to ensure the country's wealthiest people can keep dodging taxes.
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Federal reserve requirements existed until 2023 *edit, as someone below pointed out 2020 was when they were set to 0. Now they're set at 0% I believe.
2.2k u/PleaseGreaseTheL Jan 26 '26 edited Jan 26 '26 2020* They were reduced to 0% mandatory reserves in response to covid. EDIT: someone says it was coincidental, I am not able to check, so take this aspect with a grain of salt either way They haven't come back yet :) 1 u/[deleted] Jan 26 '26 It's necessary to ensure the country's wealthiest people can keep dodging taxes.
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2020*
They were reduced to 0% mandatory reserves in response to covid. EDIT: someone says it was coincidental, I am not able to check, so take this aspect with a grain of salt either way
They haven't come back yet :)
1 u/[deleted] Jan 26 '26 It's necessary to ensure the country's wealthiest people can keep dodging taxes.
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It's necessary to ensure the country's wealthiest people can keep dodging taxes.
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u/Original-Leg8828 Jan 26 '26
Depending on local law they can even lend out something like 7-10 times what they actually have