Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (3096)	9/26/2008 1:26:40 PM
From: Sam Citron	Respond to of 5891

I respectfully disagree with your analysis of market dynamics and competition in the US banking industry. A banking industry without weak banks paying high interest rates because they pay the same amount as the strong banks for FDIC insurance could be healthier and more competitive than the system we presently have. The taxpayer bears the ultimate cost of the perverse incentives we have today to put up to $100K of our savings in each of the weakest banks in America to get the highest insured yield on our savings. Luckily the FDIC insurance fund didn't have to bite the bullet with WaMu. But next time it may not be so lucky.