Re: Poor comment
100% backed up lending is impossible unless you want to lent money only by billionaires. All banking is FRB.
Full-reserve banking simply means the bank has to be able to cover all immediate liabilities at any one time; the making of illiquid loans simply requires the acquisition of illiquid deposits(which already exist in the form of CDs). The price of borrowing would go up, but the cost of failure wouldn't be as widespread as FRB tends to make it.