should any individuals, or bueessnsis, take responsibility for their own investment decisions (e.g. ensuring they depost money in sound financial institutions) when they know the government will bail them out (e.g. FDIC, etc)? The Federal Deposit Insurance Corporation provides insurance for your money. By using an FDIC insured bank, you are indirectly paying for insurance on your money in the form of lower yields. I would argue that an individual who relies on FDIC insurance to bail them out is being responsible and additional diligence to make sure the bank remains viable is, or should be, unnecessary. That's why you pay for insurance. Rate this comment: 0 0

by Rafael 08:22:24 AM 2012.11.03