Well, I’ve had most of my savings accounts (and all of my mortgages) at a credit union since the late ’90’s. But I just recently closed a BofA credit card and got a similar card from my credit union. When closing the BofA account, I told the CSR that his bosses were evil and stupid and I was hugely disappointed that they got bailed out. And I told him that I wanted to make BofA just a little bit smaller so that next time it wouldn’t be judged “too big to fail”.
It was such a grassroots effort that I hadn’t even heard of moveyourmoney.com when I closed the account.
I think the FDIC premiums paid by banks should increase geometrically (or by some other nonlinear fashion) with the bank’s size. That way larger banks would be paying through the nose in premiums before they get a chance to be TBTF.
Of course, banks can always opt out of the FDIC, but would they want to do so? Probably not.
I think the FDIC premiums paid by banks should increase geometrically (or by some other nonlinear fashion) with the bank’s size. That way larger banks would be paying through the nose in premiums before they get a chance to be TBTF.
Of course, banks can always opt out of the FDIC, but would they want to do so? Probably not.
I think the FDIC premiums paid by banks should increase geometrically (or by some other nonlinear fashion) with the bank’s size. That way larger banks would be paying through the nose in premiums before they get a chance to be TBTF.
Of course, banks can always opt out of the FDIC, but would they want to do so? Probably not.
I think the FDIC premiums paid by banks should increase geometrically (or by some other nonlinear fashion) with the bank’s size. That way larger banks would be paying through the nose in premiums before they get a chance to be TBTF.
Of course, banks can always opt out of the FDIC, but would they want to do so? Probably not.
I think the FDIC premiums paid by banks should increase geometrically (or by some other nonlinear fashion) with the bank’s size. That way larger banks would be paying through the nose in premiums before they get a chance to be TBTF.
Of course, banks can always opt out of the FDIC, but would they want to do so? Probably not.
.
