Enrique Diaz-Alvarez enrique at
Sun Nov 7 08:43:58 PST 1999

> (and is this going to disappear, does anybody know?).

Are you kidding? Socialization of risk and financial losses is the centerpiece of modern capitalism. Not only FDIC will not be abolished, the mergers will extend it to investment banks, thus making the implicit taxpayer guarantee of every major and midsize financial institution explicit.

> Tom Frank

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