Quote:
Originally Posted by IllTestYourGirls
Big gov ie FDIC caused this. Wooohooo for regulations!
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I believe the laws that give a corporation the same rights a person has, is the issue here - they basically get covered because they are people too.... or maybe one could say the structure of the fed reserve in our system that simply prints money as needed is the issue.
But excluding those factors, would you feel safe keeping your personal/corp money in a bank if it wasn't covered? 100's of banks of failed in the past several years, that's a lot of Americans monies that would have went poof without the FDIC.