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I see the logic, but you can say that about anything. The bank pays for insurance on your deposits. If you want your own insurance or you don’t want insurance,
by junofan 3y ago
I see the logic, but you can say that about anything. The bank pays for insurance on your deposits.
If you want your own insurance or you don’t want insurance, you can certainly do that by not using FDIC-insured accounts.
- justapassenger 3y agoThat’s the whole problem. It’s not about FDIC insurance - I’m happily using it and accepting the cost. It’s about arbitrary decision to guarantee funds beyond explicit FDIC limits and blowing up the cost.
- junofan 3y agoThe systemic risk exception is no secret. There are plenty of other places to put your money. This cost is not borne by taxpayers.
- apple4ever 3y agoThis article is about the government forcing the banks to pay, who will force it on their customers, who are taxpayers.
- johngladtj 3y agoNo such thing as a non FDIC insured account. It's pretty much illegal to provide one
- junofan 3y agoYou can use a credit union or eurodollars.
- deleted 3y ago[deleted]