The Federal Deposit Insurance Corporation, or FDIC, which insures bank deposits, had been making it tougher for private investors to invest in weak banks and thus solve our current financial problems.
It’s about time to permit private sources to resolve banking problems instead of relying on the intervention of the government with takeovers. The latter ploy has not worked well, despite the rationale that only such bailouts are the solution to get us out of financial meltdowns.
Government solutions come with a steep price. Permanent government meddling and unspeakable debt. Plus future inflation.
Making it easier for private investors would help. But having the government influence banks is the Left’s politically preferred route.
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