2 ms·
The real difference is that you can't force the FDIC to 'insure' your 'debt marker', while a bank can. If there were no deposit insurance, depositors would ac
by someguydave 11y ago
The real difference is that you can't force the FDIC to 'insure' your 'debt marker', while a bank can. If there were no deposit insurance, depositors would actually have to worry about the soundness of their bank - and probably would demand 'full reserve' banking.