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To: ratan lal who wrote (72611)	10/16/1998 4:51:00 PM
From: nihil	Read Replies (1) \| Respond to of 176387

RE: It's better to be a Giant Idiot ... Wouldn't know from experience, myself. It is very important to prevent the collapse of insured banks, because the deal was that depositors would be secured against a bank collapse ("insured by an agency of the Federal Government"). Authorities do not bail out bankers, they bailed out depositors. are. Typically, equity in the seized bank goes to zero, and some other bank is paid to handle the shut down or transfer. It is a mistake to blame the authorities -- blame Congress. I can assure sure I would not deposit a buck in an uninsured bank or broker, nor would many other small smart people. NO DEPOSITOR (INVESTOR) INSURANCE = NO MONEY MARKET NO MONEY MARKET = NO INVESTMENTS NO INVESTMENTS = NO GDP.