There seems to be more of a ‘bailout’ mentality in government circles these days than there was a few decades ago. The banking authorities have been making noise recently about guaranteeing all deposits, even those above the FDIC limit of $250,000, and in spite of the moral hazard. Do you think they will?
Good read!
I’ve got a case of the (economic) vapors so bad that I’m buying precious metals to stash under my bed.
There seems to be more of a ‘bailout’ mentality in government circles these days than there was a few decades ago. The banking authorities have been making noise recently about guaranteeing all deposits, even those above the FDIC limit of $250,000, and in spite of the moral hazard. Do you think they will?