Comment: I think Peter Schiff brings

In post: Peter Schiff on CNBC: Cyprus, Banks, and Inflation

I think Peter Schiff brings

Submitted by just-a-girl on Wed, 03/20/2013 - 10:27. Permalink

I think Peter Schiff brings up a good point that often gets forgotten. When Glass-Steagall was repealed, perhaps FDIC insurance coverage should have also been repealed with it. That would have created an incentive for banks to act carefully and prudently with depositors money. Otherwise you leave taxpayers paying for bankers speculative gambling losses.

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