Christhegamer on 17 December 2008
Phrancheyez said:
If they didn't have cash reserves, they'd be bankrupt. That's like asking me why I have any money in the bank when I still have a car payment. Of course they have money..the only way to pay off that debt is to make payments on it, of course they don't have the whole 11 billion (or however much debt it is) that they owe, or chances are they probably wouldn't owe it.. |
You could still have money in the bank if it was a overdraft. But this mean you don't really have any money. The problem would be if the banks think there is a problem and ask for there money back.
