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232: The Fed

Classical Stuff You Should Know

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The Anchor Bocker Trust

Morse's banking business wasn't busted. But he personally was busted and he's going to use his banking business to bail himself out. So then it is busted. At the point that you're using the deposit of money, right? Yes. Well, it's not,It's not busted. It's just fraud. That's not money that's coming back. And to, if no one comes to the bank and is like, I want my money back, he can kind of wait for interest payments to start coming in from his good loans. If he just has some money in the system that he can pay off these debts, but he's goingto get interest payments.

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