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re: Would We Have Been Better Off If The Gov't Let The Banks Bottom Out, Not Bailing Em Out?
Posted on 5/16/17 at 12:02 am to TigerFanInSouthland
Posted on 5/16/17 at 12:02 am to TigerFanInSouthland
Ponder this.
If all those banks had failed, the FDIC didn't have the ability to back up all the funds. So you, the customer, go to get a $100 out there f the ATM. The ATM says, this bank is out of business, no money will be available, sorry.
Could you imagine the anarchy?
If all those banks had failed, the FDIC didn't have the ability to back up all the funds. So you, the customer, go to get a $100 out there f the ATM. The ATM says, this bank is out of business, no money will be available, sorry.
Could you imagine the anarchy?
1
Posted on 5/16/17 at 12:10 am to Geauxld Finger
I understand that, but to me, that's a horrible approach to that kind of problem and that's not the way that the American economy is supposed to work. Businesses fail and businesses succeed. It's not the government's place to pick and choose who fails and who succeeds. It's on the consumer.
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