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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (68724)	1/17/2014 10:56:56 AM
From: LLCF	Read Replies (1) \| Respond to of 71588

Exactly… if they don't WANT deposit insurance they don't have to have it… As long as they DO the FDIC can tell them EXACTLY what they can and cannot do with their money. Why these moronic "anti-regulation" clowns think the government shouldn't do what any company does (you pay more for health insurance if you engage in risky behavior for example- smoking) is beyond me. I think they just don't know what the hell they are talking about. FDIC to banks: NO DERIVATIVES TRADING… don't like it? Go INDY, see what your depositors do. DAK

To: DuckTapeSunroof who wrote (68724)	2/3/2014 12:33:25 AM
From: greatplains_guy	Read Replies (1) \| Respond to of 71588

A better choice would be to let those banks who have invested unwisely fail. People will seek out the stable banks which make wise investment decisions. The Fed has created a situation in which the failure of the system will cause unneeded disruption due to the enormity of it. Simply get rid of the federal insurance guarantee. If a private reinsurer wants to get into the game, let them. Government does almost nothing better than for profit private entities. Since a person's or group's livelihood depends of the success of the private enterprise, they have enormous incentive to get it right and to cut their losses when they make mistakes. Government simply creates more regulation to wrap around its failure.