2 ms·
If this were the Bank of Omaha and a bunch of cattle ranches and soy farms were at risk, would you still feel the same way? It is in the governments best inter
by mike_d 4y ago
If this were the Bank of Omaha and a bunch of cattle ranches and soy farms were at risk, would you still feel the same way?
It is in the governments best interest for people to have faith in banks, regardless of what industry they serve. The FDIC was created because a run on one bank, once it becomes public knowledge, always turns into a run on more banks. They don't want this turning into a line of dominoes.
- landemva 4y agoThe ranches and farms would not disappear but would become owned by stronger managers. Yes, let them go bankrupt.