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On the contrary, having the taxpayer step in if the FDIC runs out of money is politically feasible. In fact, it would be the kind of bailout that the "common" p
by argonaut 14y ago
On the contrary, having the taxpayer step in if the FDIC runs out of money is politically feasible. In fact, it would be the kind of bailout that the "common" people ("Main Street," to use the term politicians love to use) are always being portrayed as demanding, in the sense that the money would be bailing out the bank accounts of millions of average, middle-class Americans.