Moody’s: U.S. banking ‘turmoil’ can’t be contained... Bank Run sucked $1.2 trillion in deposits outta US banks

Fractional banking means US banks only have $0.6 trillion left for withdrawals. There wuz $18 trillion on deposit in US banks, now there's $16.8 trillion.

Last one out is……..

Fractional banking means for every $100 in deposits they get, they lend out or ”invest” $90 and only keep $10 in the bank.

For every $10 trillion in deposits they get, they lend out …