While I'm glad that no depositors will lose even a single dollar, can anyone justify how banks and the astonishingly rich continually take large, greedy risks only to be bailed out when they fail? I can't imagine the twists of logic it would take to accomplish that.
So, the government presumably creates money to cover, inflates the supply and the tax payer pays for the bailout and also gets punished with inflation. Say what you want about this being good for the depositors but it can't be sustainable. At some point, people and corporations need to be held accountable, monetarily, , suffer the consequences of their actions and be allowed to fail.
[edit] It seems that it's not a "full bailout" as shareholders won't be made whole but if the assets don't cover all the deposits, where is that money coming from?
So, the government presumably creates money to cover, inflates the supply and the tax payer pays for the bailout and also gets punished with inflation. Say what you want about this being good for the depositors but it can't be sustainable. At some point, people and corporations need to be held accountable, monetarily, , suffer the consequences of their actions and be allowed to fail.
[edit] It seems that it's not a "full bailout" as shareholders won't be made whole but if the assets don't cover all the deposits, where is that money coming from?