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If You Own a Bank, Can You Loan a Mortgage to Yourself From Your Own Bank?

By Robber Baron Elite Scum   Follow   Fri, 9 Mar 2012, 1:16pm   955 views   6 comments
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Banks can lend 8 times more than they actually have in reserve. Basically be able to legally print money digitally.

So if you are the owner of a bank - can you lend yourself a mortgage from the bank that you yourself own?

Can you take a bunch of personal loans from the bank that you yourself essentially own?

Using your own money except turning that money 8-10 times of the original amount you have in the bank (which you own).

And then having that bank (which you own) forgive that loan except the original reserve amount.

Owning the bank really seems like the best way to rob it & essentially have the authority to print money like you are a god.

Is it illegal to do this?

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1. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

   1   1:23pm Fri 9 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   If you own a (big enough) bank, you can do almost anything.

2. Robber Baron Elite Scum Follow Befriend (3) 48 threads 480 comments Roslyn, NY

   2   1:25pm Fri 9 Mar 2012   Share   Quote   Permalink   Like   Dislike   wthrfrk80 says If you own a (big enough) bank, you can do almost anything. Evil laugh: Muahahhahaahahaa

3. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

   3   2:24pm Fri 9 Mar 2012   Share   Quote   Permalink   Like   Dislike   Are you familiar with Bill Black? They shut him down and all the regulators like him so they could loot the country and create a massive ponzi. http://www.amazon.com/Best-Way-Rob-Bank-Own/dp/0292706383

4. REpro Follow Befriend (1) 22 threads 469 comments San Jose, CA

   4   2:53pm Fri 9 Mar 2012   Share   Quote   Permalink   Like   Dislike   I know a person who joined a Board of Credit Union and soon bought a large multifamily property.

5. REpro Follow Befriend (1) 22 threads 469 comments San Jose, CA

   5   2:55pm Fri 9 Mar 2012   Share   Quote   Permalink   Like   Dislike   “The best way to rob a bank is to own one”.

6. housepoor Follow Befriend 4 threads 17 comments Norco, CA

   6   5:06pm Fri 9 Mar 2012   Share   Quote   Permalink   Like   Dislike   I know sombody that did this, He took out a second for 1 Million on a condo that he paid $700K for. The he did it again the next year. He owned the company! that person is now living outside the country to avoid prosecution.