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Another bad bailout idea — raising deposit insurance cap is regressive and counterproductive
Started by cordblomquist · 9 months ago
As the Wall Street crisis has expanded, politicians are falling all over themselves arguing on behalf of the “little guy” against “fat cats.” But in reality, the main elements of “rescue” plans receiving a bipartisan push wo
... Continue reading »
9 months ago
http://uk.reuters.com/article/hotStocksNews/idU...
9 months ago
Again, so having car insurance encourages me to drive poorly? I'm not for the FDIC but I would like to have some investments that are ensured; that is, carry minimal risk with them. Even if the FDIC was not around I would for a bank that would guarantee me a certain rate of return and also guarantee that I won't loose my money if they go belly up. I spend enough time tracking stocks on the risky side of my investments to get better returns. I'll be damned if I have to spend a few hours a week keeping track of a bank just to make sure I don't loose money from savings account that barely keeps up with inflation.