DISQUS

Oisin · 1 year ago

Irish government guarantees all bank deposits
http://uk.reuters.com/article/hotStocksNews/idU...

Allen · 1 year ago

"Deposit insurance, even at current levels, encourages “moral hazard” as consumers assume their banks are totally safe and don’t look for quality as they do with investments and so many other products."

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.