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True. That’s why FDIC should fulfill its obligations. But not anything more.
by justapassenger 3y ago
True. That’s why FDIC should fulfill its obligations. But not anything more.
- ummonk 3y agoThat's just ensuring anyone over the insured limits participates in a bank run on every bank that isn't too big to fail (and the first to do so get rewarded by getting to keep their money).
- justapassenger 3y agoNo, that's ensuring that we follow FDIC rules. Change the rules, and be upfront about the cost, not relay on one-off precedences. SV bank bailout was a scam. They said taxpayers won't pay for and it'll be paid by banks. Which means customers. I won't pay for it as a taxpayer, I'll just pay it as a bank customer - lovely.