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  1. Hi losers. In part 3 of my marathon series of doctor visits. I went to an allergist today. He gave me the “pin cushion” treatment to test for various things. The thing I reacted to most strongly was…are you ready….cats. (2nd was grasses. Foods, and other plant life tests coming up next round.)

    Among other things, the doc told me that I can’t have the Visitor Cat in my apt. any longer. I’m very sad, I may cry. I really love that little fur ball. She’s kept me company (along with you losers) for the past two years while I wasn’t working. I just can’t believe it. : (

  2. Etson – It’s universally accepted that FDIC insured deposits are government subsidized funding.

    Look at the interest rate on bank deposits (basically nil).

    Then look at the interest rate that companies have to pay on comparable funding (substantially higher).

    The interest rate on the deposit funding is low because repayment is guaranteed by the U.S. government. You don’t take credit risk on the bank.

    Not even debatable that this is subsidized funding. It’s the basic premise of a substantial amount of the US banking laws and regulations.

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