I can understand the outrage. I sympathize with it, because as I have pointed out, it is bailing out some capital-suppliers who should not be bailed out and supporting managers and executives who should not be rewarded for their speculative errors. But, in the interest of truth and in directing the outrage in a useful direction, the public should realize that if the banks go through FDIC procedures in order to make good on the insurance of bank deposits, this too will cost them (the public) dearly! The FDIC insurance is equally an abominable bailout if it comes to that … Continue reading Public outrage over bailout