tag:blogger.com,1999:blog-26061284.post8504144529523274350..comments2024-03-14T02:18:47.610-05:00Comments on TheRightRant: There should be no such thing as "too big to fail"Edhttp://www.blogger.com/profile/01235046826421680852noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-26061284.post-36142634158321687672010-04-15T08:47:41.746-05:002010-04-15T08:47:41.746-05:00My understanding, limited though it is, is that th...My understanding, limited though it is, is that the FDIC is supposed to instill the banking public with confidence that the bank cannot, under any circumstances, lose your money. Understandably, the public needs to trust the banks or they won't deposit their money and the economy will grind to a halt. So you are correct Angie. What the FDIC is NOT in place for, is to underwrite the banks when they make poor decisions, only to return every penny to the depositors when the bank fails.Edhttps://www.blogger.com/profile/01235046826421680852noreply@blogger.comtag:blogger.com,1999:blog-26061284.post-46403179520850043322010-04-14T18:42:07.411-05:002010-04-14T18:42:07.411-05:00I thought that's what the FDIC was for, to pro...I thought that's what the FDIC was for, to protect against a run on banks?Angie Leehttps://www.blogger.com/profile/02342713829455027103noreply@blogger.comtag:blogger.com,1999:blog-26061284.post-5691154963746475372010-04-14T14:56:38.826-05:002010-04-14T14:56:38.826-05:00AMEN!!AMEN!!Bill Lockhartnoreply@blogger.com