View Single Post
Old 09-29-2008, 08:52 PM   #24 (permalink)
River
Senior Member
 
River's Avatar
 
Join Date: May 2008
Location: Crestone, Colorado, USA
Posts: 12,960
Thanks: 94
Thanked 134 Times in 20 Posts
Re: FDIC forces Wachovia to sell....

Quote:
Originally Posted by djwilbanks View Post
I know it was... but someone might not have noticed...

Especially when the FDIC is forcing banks to sell because they can't do the very thing it was created to do...
Political factors and implications aside (please everyone!?), why aren't we just creating a Federal bank, from an economic(s) standpoint?

No, I'm not suggesting it. I, for one, don't know enough to suggest a solution and am self-aware enough to admit it. But academically, why not?
__________________
When you don't know where you're going, every road takes you there. And you can't make a wrong turn.

Rory Gallagher is "The man who got me back into the blues." - Eric Clapton
River is offline   Reply With Quote