3 ms·
I agree with the criticism in general, but in this case the restructuring of these banks will be entirely paid for from their assets, and by a levy on other ban
by simonh 4y ago
I agree with the criticism in general, but in this case the restructuring of these banks will be entirely paid for from their assets, and by a levy on other banks. No public funds will be used.
- MrMan 4y agothat money will be stolen from all the other banks customers. this is not a case of "hypocrisy" its theft.
- ceejayoz 4y agoThe other banks are most certainly going to pass the FDIC increased premiums along to all of us, though.
- simonh 4y agoDriving up their fees will make them less competitive, so they will lose business, or have to compete more aggressively for it. Or the increased costs of banking services will reduce consumption. So yes you're right to a point, but none of this is in any way good or neutral for other banks. Their share prices have taken an absolute beating.