When
banks were teetering during the 2008/09 financial meltdown, the U.S.
government was ready to hand them bailout funds; some against the
wishes of a few of the banks involved.
A better option the government had but not taken, and still has for future emergencies, is one that provides no taxpayer funds to individual banks that are operating with normal liquidity. That has complications about which I have commented before.
Instead there should be insurance in the form of a guaranty. Furthermore, there ought to be a fee paid by the banks to compensate the government (taxpayer) for the risk. (See the Earl J. Weinreb NewsHole® comments.)
A better option the government had but not taken, and still has for future emergencies, is one that provides no taxpayer funds to individual banks that are operating with normal liquidity. That has complications about which I have commented before.
Instead there should be insurance in the form of a guaranty. Furthermore, there ought to be a fee paid by the banks to compensate the government (taxpayer) for the risk. (See the Earl J. Weinreb NewsHole® comments.)
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