I think Dodd's mechanism is a good way to get the non-FDIC banking system under an umbrella that would pay for the "insurance" in case of a large bankruptcy. In other words, creating a fund to pay for "bailouts" from the banks themselves. This shifts the costs from all taxpayers and into the consumers of these institutions.
Dodd's proposal
Lets pass this.
Thursday, March 18, 2010
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