4 ms·
Right, it's going to be funded as a fee against banks, which will be passed on to bank customers aka taxpayers.
by dmm 4y ago
Right, it's going to be funded as a fee against banks, which will be passed on to bank customers aka taxpayers.
- PierceJoy 4y agoYou will lose far far more if the public loses faith in banks. Not wanting depositors to get backstopped is cutting off your nose to spite your face.
- ahelwer 4y agoNobody in "the public" is losing faith in banks. FDIC covers everybody up to $250k. If you have more money than that and can't be arsed to split it up into multiple accounts that's on you.
- dmm 4y ago> You will lose far far more if the public loses faith in banks Maybe so. But I think we should be honest about what this is: a bailout of the banking industry.
- epvgwwqe 4y agoDo you know the definition of a government tax?