Comments on: Do We Need Deposit Insurance?

By: Joe Pantozzi

Joe Pantozzi — Mon, 11 May 2009 22:22:16 +0000

The more bank failures that occur, the more we see that FDIC protection is nothing more than re-distribution of wealth. Depositors are ultimately protected by the Treasury, which is funded out of general tax collections.

Why would I want to base a financial strategy on the efforts, the subsidy, the backs of others – that is, unless I were a socialist.

By: Lexi Meredith

Lexi Meredith — Tue, 05 May 2009 19:46:32 +0000

Another illustration for FDR’s failure during the New Deal. You think they’d learn… but bureaucrats are exempt from learning from history. They learn from a selective history that doesn’t seem to include many facts or reasons.

By: Jim Ewins

Jim Ewins — Thu, 30 Apr 2009 18:01:54 +0000

“Let the free market choose the insurer, any private company insuring deposits would be diligent in evaluating the particular bank, and fees could be negotiated between bank and depositor.”
Well said Mr. Striker.

By: Dean Striker

Dean Striker — Sun, 26 Apr 2009 00:53:41 +0000

The FDIC system puts the guarantees entirely at the beck & call of the Federal Government. Since it is so overdrawn in it\\\’s own debt, Gov will be unable to guarantee deposits. Fraud, yes, fixing, impossible.

Let the free market choose the insurer, any private company insuring deposits would be diligent in evaluating the particular bank, and fees could be negotiated between bank and depositor.