[quote=desmond]”Right now the money comes from insurance premiums (or indirectly from bank consumers”
And do you think this money is held in a “lock box” (a separate account) just waiting to be used when another bank bailout is needed? Just like the SS Trust Fund.[/quote]
In electronic format, the FDIC Insurance Fund is a separate account. Just like your bank account. Although the money in your bank account is lent out each day to borrowers. Are you afraid that someone’s going to steal the money that’s in the FDIC Insurance Fund?
