63 US Banks on Brink! FDIC Blames Inflation, Not Bailouts

Source: Palm Beach Examiner
by Karl Dickey

“The Federal Reserve and the FDIC’s involvement in the banking system creates moral hazard and instability which is the complete opposite of their mandate. This situation highlights the need for a free market approach to banking and an end to consistently needing to bail out a banking system that clearly does not work for the long term. One thing the FDIC may do is simple window dressing, to instill confidence in depositors so they do not create a run on banks; however, that does not solve the fundamental issue of the U.S. banking business model.” (06/04/24)