But say banks are allowed to fold because of idiotic managemet what about customers who have money in that bank. Do you still agree to a federal insurance scheme where customers of teh bank are garunteed to be able to get their money should the bank fold. As with all institutions it is the big creditors who get the share first and f**k the little guy who thought his money would be safe. I think the system works quite well in the UK, Northern Rock not withstanding. They were idiots offereing 110% mortgages by borrowing money etc. The rest of the British banks are OK AFAIK.
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