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FDIC was put in place after The Great Depression, in order to prevent another Great Depression. There is no opt out because when large numbers of people make ri
by Wowfunhappy 5y ago
FDIC was put in place after The Great Depression, in order to prevent another Great Depression. There is no opt out because when large numbers of people make risky investments without planning for the consequences, it affects the entire economy.
- throwaway98797 5y agoIndividual freedom vs. community safety. Where to draw the line? Who should draw it and by what mechanism?
- Wowfunhappy 5y ago> Where to draw the line? Who should draw it and by what mechanism? The democratically elected government seems like a good place to start!