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You 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.
by PierceJoy 4y ago
You 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.