What do we encourage by bailing out banks "TOO LARGE TO FAIL"?
How can we stop that?
What about citizen depositors?
- More risk taking, that's what!
How can we stop that?
- Let them fail! But take them over to prevent a melt down that would spread to the rest of the world and damage our credit ratings.
- Outlaw all non-transparent financial instruments.
- Outlaw all off-balance sheet entities and accounting practices.
What about citizen depositors?
- Ensure each up to $250,000, premiums paid by the banks.
- Separate Commercial banking from all other types.
Posted by RoadToPeace on Friday, September 25, 2009.
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