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An FDIC bailout would have been cheaper than TARP given the amount of money in most people’s bank accounts.
For people with individual accounts worth over a quarter million? Tough titties. If you have so much cash it isn’t worth your time to use multiple accounts in case of FDIC bailouts, you clearly don’t need it.
Because there was no FDIC.
An FDIC bailout would have been cheaper than TARP given the amount of money in most people’s bank accounts.
For people with individual accounts worth over a quarter million? Tough titties. If you have so much cash it isn’t worth your time to use multiple accounts in case of FDIC bailouts, you clearly don’t need it.