Comment: You're denying the fact that FDIC insurance

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In reply to comment: I see only two problems (see in situ)

You're denying the fact that FDIC insurance

worked well for seventy years by protecting deposits. The current problem is Dodd-Frank has expanded the FDIC safety net to include the high risk gambling activities of investment banks. Listen to Rep. Sherman and libertarian economist Jeffrey Miron's comments on Dodd-Frank's Resolution Authority.

http://www.c-spanvideo.org/clip/3343222
http://www.c-spanvideo.org/clip/3343218

Regarding derivatives, for centuries common law made a distinction between purely speculative derivatives that exponentially increase the risk of asset bubbles and derivatives used to legitimately hedge against risk, for example, taking out fire insurance on a home you don't own (speculation) and taking out fire insurance on a home you do own (hedging). In 2000, this distinction was removed by the CFMA. I suggest you take the time to read the short article on this subject by Lynn Stout. The link is in the post.

http://www.dailypaul.com/277342 (Rand Paul: One person can make a difference)
http://www.StandUpForYourRights.me/?p=1264 (Fast and Furious hearing)