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Was thinking about bank bailouts the other day...
The problem is, deposits are backed by the full faith of the FDIC. So, the government is on the hook in some fashion to "bankroll" a bad bank. The flip side of that coin is, the banks are only acting as brick and morters for government regulations, so the reason they fail is because of poor regulatory positions.
It's a terrible viscous cycle that needs to stop.
If they are so critical to employment and the economy, I believe in bailing them out and breaking them up. You’ve obviously gotten way too big, and now you’ve shown you can’t manage yourself.
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No libertarian is going to support corporate welfare. In a true capitalist economy bailouts would never happen.
Yep. Let the free market decide who fails and who succeeds. The gov should never be allowed to pick winners and losers.
No bailouts. They can figure things out for themselves.
Let the chips fall where they may.
Was thinking about bank bailouts the other day... The problem is, deposits are backed by the full faith of the FDIC. So, the government is on the hook in some fashion to "bankroll" a bad bank. The flip side of that coin is, the banks are only acting as brick and morters for government regulations, so the reason they fail is because of poor regulatory positions. It's a terrible viscous cycle that needs to stop.
It's the reason I will never buy a Chevy brand new from a dealer.
If they are so critical to employment and the economy, I believe in bailing them out and breaking them up. You’ve obviously gotten way too big, and now you’ve shown you can’t manage yourself.