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The Fed (the reserve and the FDIC) in addition to The Office of the Comptroller of the Currency regulate banking practices. If banks are failing then it's the l
by throwwwaway69 4y ago
The Fed (the reserve and the FDIC) in addition to The Office of the Comptroller of the Currency regulate banking practices. If banks are failing then it's the lack of proper regulation that's responsible.
- 7e 4y agoRegulation is not to designed to prevent every failure. Banks are private, not owned by the state, as the U.S. is a capitalist system.
- throwwwaway69 4y agoRegulation should exist to limit or eliminate the risk of Americans having to pay to cover for bad executive decision making. The whole point of laws and regulations are to protect people and their interests. It is in the public interest to have a stable banking system, and it's also in the public interest to not have to pay premiums for deposit insurance (which we all currently do)