GOP IS ALWAYS FOR SOCIALISM - SOCIALIZED RISKS TO PROFITS AND OWNERSHIP, THAT IS...
I didn't think anyone could outdo Kudlow, but Larry Lindsey has lampooned himself on FDIC insurance.
Now, not many would be opposed to a study to see where the "right" limit is, but ... Larry thinks that lifting the limit from its current $100,000 will send a message to Main Street America that Congress is concerned about them.
Uh, which Main Streets in America have a slew of people with over $100K in their bank account, cash? Sheesh, most consumers aren't even making ends meet, with the credit card debt they have and the spike in energy, let alone having to worry about their cash balances over $100,000.
Tuesday, September 30, 2008
More on Offering Insurance Just as the Storm Comes Ashore
