More government bailouts for people rich enough to have more than the $250,000 that the FDIC already insures for bank accounts.
Does Bok really think there are simple solutions to lax bank regulations and lax regulators? Or should the ? be “Does Bok really think?”
Burial and/or life insurance is the only thing that will help this guys family, he’s dead, the car may be covered by collision auto insurance and can be replaced. The city will likely have to cover the damage to the pole. What is bok trying to Convey? Unlike Clay Bennett, bok cannot come up with good toons.
The taxpayers are the ones paying. Dems believe lyin’ Biden while the rest of us know better.
By not allowing banks to fail, we are denying ourselves the next step in the evolution of banking. It may have been a push toward local banks or credit unions, but we will never know.
All of this right-wing whining and crying but no money has been paid out of the public purse. They waste no time putting out their propaganda.
I am confused why everyone are so upset with all the deposits being guaranteed. The people who had these accounts did not cause the bank problems and I have not heard any proof that are not enough assets to cover them. The only problem I heard was that had problems with cash flow caused by the bank run causing them to sell assets at a loss. The total value of the bank inclueds all assets which would building and all property owned by the bank. This being the case there maybe enought assets to cover the deposits.
Currently the banks are funding the banks that failed, no benefit to management or shareholders, only to customers.
In the future, the resource of last resort is the US, the FED, the us, the you and me taxpayers.