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The FDIC is bailed out by the taxpayer, so does the private banks. It's a nothing but socializing the risks, while privatizing the profits. It's immoral. China
by ttar 14y ago
The FDIC is bailed out by the taxpayer, so does the private banks. It's a nothing but socializing the risks, while privatizing the profits. It's immoral.
China does things right here, when it fails due to your corruption, you get executed, instead of bailed out.
- natrius 14y agoThe FDIC has never been bailed out, and as I pointed out, there are plenty of public benefits to that government guarantee. We would be less wealthy as a society without it.