Quote Originally Posted by epxroot
The FED is not, and has never been a neccesity in this country. If these "bigger Banks" do not operate right, then they will collapse just like you see now, but instead of letting them die like they should, we prop them up and give a false image of being sound. If they're in the process of failing that means they're doing something wrong and need to change the way the banks are managed. If they do not change, then they will just die off, and another bank will take it's spot.
Amen, I disagree with the FDIC protecting citizen money up to $100,000
as well. If we eliminated the FDIC, private companies will pop up and citizens can pay premiums to have an amount they want protected. People who never have more than $300 in their account really don't need protection, and people with a lot more money need more than $100,000 protected.