Can FDIC Get That Credibility Back?

FDIC has sent this signal out to the marketplace that, hey, maybe don't worry so much if you have your deposits in a bank. Long term implications aside from the risk are that you're going to have higher fees on everybody else because you wanted to bail out these uninsured depositors. And then what you do is invite more regulation. We being the government, therefore, we get to tell you exactly what you can do to an even greater degree than what we do now. All right, that's so that has greater implications for our basic economic system, not positive ones.