14 ms·
> This is like arguing that if I screw up my investments and put myself in a bad position that the government should bail me out for the sake of everyone I owe
by cscurmudgeon 4y ago
> This is like arguing that if I screw up my investments and put myself in a bad position that the government should bail me out for the sake of everyone I owe money to.
Nope. Not even close.
> The FDIC receives no Congressional appropriations - it is funded by premiums that banks and savings associations pay for deposit insurance coverage.
https://www.fdic.gov/about/what-we-do/index.html https://www.fdic.gov/about/what-we-do/index.html