Do you think that FDIC (protection of bank accounts) established by the New Deal!
Question: Do you think that FDIC (protection of bank accounts) established by the New Deal is important enough...?
Answers:
Absolutely. Forget history and you're doomed to repeat it. Since the FDIC began, no a single depositor has lost money due to a bank failure. And it is paid for entirely by the bansk. It is a great insurance policy.
Absolutely. If it is important to the government (which it is) that people continue to put money in banks, the people have the need to have that protection. IF people do not put money in the bank, where is the money going to come from when you want to buy a house or car? Are you going to be willing to go without until you have stashed enough in your mattress to pay for it?
No. I think it increases the likelihood of risky bank activity.