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Comment: Re:Scaled Tariff (Score 1) 761

by feepness (#38830443) Attached to: Apple Announces Most Profitable Quarter in History
All Obama had to do was... nothing. As we heard at the time often, this wasn't a tax hike. It was a tax cut expiration. Obama and the Democratic Congress created and passed a bill to extend them.

At the time the Obama tax cuts were passed, Democrats had complete control of the Senate with regards to submitting legislation.

Comment: No, it is not like a bank run. (Score 4, Informative) 353

by feepness (#38322688) Attached to: PC Makers Run Short of Popular Drives
Banks only keep a portion of deposits on hand. This is standard regulated procedure called "Fractional Reserve Lending". No bank can return every despositers funds on demand at the same time. None of them. Anywhere.

When bank runs occur, there is a systemic lack of funds to meet demand due to fractional reserve lending.

This is simply not enough supply to meet demand, and not similar to failure of fractional reserve lending at all.

Necessity has no law. -- St. Augustine

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