No FDIC?

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Imagine that there was no FDIC right now.  Take a few minutes.  
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So in, say, September think of how many people would have pulled their money out of their bank (or tried to) if there was no government guarantee on their deposits.  Maybe the FDIC smacks of Socialism but if the government wasn’t there we’d be looking at something worse than the Great Depression.
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One Response to “No FDIC?”

  1. Cathy Says:

    I agree and support this with the words, “MF global.”

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