Here is a great article on why government insurance for bank deposits is a BAAAAAAD idea!

As Gard mentioned in the production for 4-29-09, this is the kind of thing about which free market economists have tried to warn people for years, and yet the gubment wants to EXPAND the purview of the FDIC to have them cover municiple debt and take over hedge funds and insurance companies!

Scary, Count Floyd, scary!

http://www.thefreemanonline.org/featured/do-we-need-deposit-insurance/

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