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<p>[QUOTE=&quot;Collector1966, post: 1097774, member: 17919&quot;]Well, if the banks make bad loans without FDIC protection, they win anyway. But the depositors are left holding the bag, like they were in the &#039;20s and early &#039;30s. This way, at least, depositors have some recourse for getting their money back. </p><p><br /></p><p>Having experienced the stock market crash of 1987, I am almost certain that there would have been bank runs if the FDIC (and FSLIC at that time) hadn&#039;t been in place. I certainly would have been eager to get my money out of my account fast. But because the FDIC was in place, I didn&#039;t panic, and very few others did, either. Of course, the system has been abused, most notably during the S&amp;L crisis of the late &#039;80s and early &#039;90s, but at least the small depositors were protected.</p><p><br /></p><p>Saying that, I agree with your argument about mortgages. And I agree with your argument about having physical possession of PMs. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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