[quote=CA renter]And, since we’re on the topic of government guarantees, would you also favor getting the government out of guaranteeing loans and investments of all kinds? No “loss-sharing” agreements, no guarantees for student loans, GSE loans, FHA loans, government bonds, etc.? What about FDIC? Surely, some people benefit far more than others because of these guarantees. If we’re going to lose the guarantees for people who actually do the work of the government, should we not also lose the guarantees for those who don’t work for these benefits?[/quote]
Yes to all but government bonds and the FDIC. Recall that the FDIC is funded by the banks themselves. If you’d like to remove the Treasury’s theoretical back-stop of the FDIC, I’d be fine with that.
