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?
Ha! You’re right - the individual bureaucrats will cave in to the pressure to ‘do something’, even though it will be a stupid move. You are so wise, Mr. Kust!
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?
Yes, I believe they will.
It comes under the heading of "doing something". That it's stupid and counterproductive is merely incidental bonuses.
Ha! You’re right - the individual bureaucrats will cave in to the pressure to ‘do something’, even though it will be a stupid move. You are so wise, Mr. Kust!