What’s the stretch? The banking system is unsound, and the FDIC is near broke. They would have collapsed without support. ALL of the major banks and brokers would have collapsed last year.
“They would have collapsed without support. ALL of the major banks and brokers would have collapsed last year.”
That is a huge leap. Maybe true.
Or maybe most of the spending was wasteful and the free market would have sorted things out with much less govt involvement.
And the strong companies that Buffet owned would have done even better?
“They would have collapsed without support. ALL of the major banks and brokers would have collapsed last year.”
That is a huge leap. Maybe true.
Or maybe most of the spending was wasteful and the free market would have sorted things out with much less govt involvement.
And the strong companies that Buffet owned would have done even better?
...and the smaller, non-money center banks, have had their FDIC insurance rates skyrocket to subisdize their bigger, poitically well heeled, competitors.
Here is a hint - you don't.