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- #81
Banks invest their capital. They have forever. They make their most money in the housing business. So this all being said, why should they be forbidden to invest in the very industry they already profit from the most?
Paulie, Im pleased that banks risking their own money are profitable. Im pleased that those investing in the banks are doing well.
Im opposed to banks with accounts insured by the FDIC taking unjustifiable risks.
Banks insured by the FDIC can and should be held to a higher fiduciary standard. They should not be permitted to function or be associated with investment banking.
Respectfully, Supposn
The banks lost money on mortgages, not on investment banking.
ToddsterPatriot, Federal Deposit Insurance Corporation, similar to government supported enterprises, (i.e. FDIC similar to GSEs), are somewhat dependent upon and to some extent compromise public credit. I wish them investment banks well but their accounts should not be insured by FDIC. Weve already experienced financial fiascos of scales that disrupted (and still disrupts) our national and the global economies.
Respectfully, Supposn