The FDIC is funded by the same kid fuckers who fund the banks themselves. Bank collapses are consolidations towards a single, global digital exchange system. IMHO.
Yes, part of what made the bank failures during the Depression so bad, was the insiders knew which banks would be saved by the feds and which wouldn't. If you had your $ in a bank that wasn't propped up, you were hosed.
The FDIC does do that, prevent collapses that is, but I'm not sure how often.
The FDIC is funded by the same kid fuckers who fund the banks themselves. Bank collapses are consolidations towards a single, global digital exchange system. IMHO.
And sometimes they let the smaller banks fail to further consolidate power. But not all at once, it's managed
Yes, part of what made the bank failures during the Depression so bad, was the insiders knew which banks would be saved by the feds and which wouldn't. If you had your $ in a bank that wasn't propped up, you were hosed.