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by basseq
1183 days ago
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My point in all this is that the FDIC's actions to guarantee the deposits did not benefit bank management. They may have "made out like bandits" in taking advantage of equity holders, and perhaps without duty of care to depositors... but all that is true regardless of the subsequent actions. They did not "make out like bandits" because of the Government's actions. And I think that's important, given the criticism levied against the "bailout". |
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