Quote:
Originally Posted by Dirty Harry
Bank of America is one of the largest commercial banks in the world, lending billions of dollars to corporations and institutions all over the planet. They don't give a fuck about your checking account, they don't need your savings account. These are simply liabilities on their balance sheet.
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This seems like unsubstantiated horseshit to me. The total deposits from consumer checking and savings accounts must add up to some highly substantial sum for them to lend out and invest.