What do you all think about the FDIC? Is it a fraud? Is it necessary? Can banks survive without it? Can we live without it?
It’s a means for bailing out failing banks at the taxpayers’ expense. Calling it “insurance” is definitely a fraud.
What do you all think about the FDIC? Is it a fraud? Is it necessary? Can banks survive without it? Can we live without it?
It’s a means for bailing out failing banks at the taxpayers’ expense. Calling it “insurance” is definitely a fraud.