I believe the Answer is more fundamental than that Question begs.

If you have ever watched Gary FIELDER's The Gig is Up then you might better understand how much money is being circulated electronically that never comes into actual creation. This is something I call electronic vaults. The first "banker" ever, who issued more script than he had vaulted value is still unjustified. The Fed Act might be considered an interlocutory appeal, meaning that endorsers post the bond that keeps that banker and every banker after him who has engaged in fractional lending from jail on a supersedeas bond.

They are all convicted by the facts; they just keep the sentencing from being executed by posting a bond during appeal.