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Google to delay portion of staff bonus

17 pointsby panda88888over 2 years ago

3 comments

nullish_signalover 2 years ago
80% now, 20% months later? Reminds me of Fractional Reserve Banking, where USA federal banks could invest 90% of deposited money, leaving only 10% of your savings &quot;in savings&quot;.<p>I just looked it up, and this seems to have dropped from 10% to 0% on March 15,2020, which &quot;eliminated reserve requirements for all depository institutions&quot; <a href="https:&#x2F;&#x2F;www.federalreserve.gov&#x2F;monetarypolicy&#x2F;reservereq.htm" rel="nofollow">https:&#x2F;&#x2F;www.federalreserve.gov&#x2F;monetarypolicy&#x2F;reservereq.htm</a><p>Perhaps this explains the problems people have been having with Bank of America and being unable to withdrawal their money&#x2F;paychecks. The money is no longer at the bank!
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granshawover 2 years ago
Right now google could do antics like this and much more, and their employees would still stay… and they know it
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nigrioidover 2 years ago
The entire financial system is in much worse shape than anyone could imagine.