Quote:
|
Originally Posted by August
Quote:
|
Originally Posted by SUBMAN1
1. Gov't bail outs - if banks can rely on this, they will take greater risks in the name of profit. They should be allowed to fail.
|
Bet you wouldn't say that if your life savings was in one of those failed banks... |
That is what FDIC insurance is. Bail me out, not the bank.
Besides, who was the last person that had $100K in the bank that you know of? I know of no one. It must be invested and outside of the banks hands.
-S