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Every Thing Else Board
Cattle dealer $ problems?
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<blockquote data-quote="SRBeef" data-source="post: 791966" data-attributes="member: 7509"><p>The above article speculates that the "FDIC" somehow led to the bank's decision to not lend any more money to Eastern, therefore the FDIC is responsible for hurting a lot of cattlemen, or something to that effect.</p><p></p><p>That in my opinion is a ridiculous line of argument. The letters F D I C stand for federal deposit insurance corporation. The FDIC's job is to look into bank operations and to protect bank depositors, not cattlemen.</p><p></p><p>This looks to me like another attempt to shift blame from the actual cause of the problem to the government. It looks to me like the FDIC is doing its job, if in fact that is what happened. Pretty soon if folks slip on ice on the front step it will somehow be the government's fault....</p><p></p><p>Seems like everyone needs someone else to blame for anything that happens these days, and that someone is usually the "government". jmho. Jim</p></blockquote><p></p>
[QUOTE="SRBeef, post: 791966, member: 7509"] The above article speculates that the "FDIC" somehow led to the bank's decision to not lend any more money to Eastern, therefore the FDIC is responsible for hurting a lot of cattlemen, or something to that effect. That in my opinion is a ridiculous line of argument. The letters F D I C stand for federal deposit insurance corporation. The FDIC's job is to look into bank operations and to protect bank depositors, not cattlemen. This looks to me like another attempt to shift blame from the actual cause of the problem to the government. It looks to me like the FDIC is doing its job, if in fact that is what happened. Pretty soon if folks slip on ice on the front step it will somehow be the government's fault.... Seems like everyone needs someone else to blame for anything that happens these days, and that someone is usually the "government". jmho. Jim [/QUOTE]
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