Off-Topic: Banks need regulation

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	Name:	GoneFishin -
	Subject:	Banks need regulation
	Date:	1/22/2010 3:24:48 PM

WIX, you have some valid points for once.

You will find insurance companies highly regulated by the states and they are required to maintain certain reserves that are dictated by the states. Also, Property and Casualty companies are restriced as to how they can invest the reserves. They must be maintain their reserves in a more liquid investment such as stocks and bonds. AIG Insurance remains solid which is different from the holding company that received the bailout through risky unregulated investments.

The depositors in banks are insured by the feds and as insurers the feds have a right to regulate the banks. Let the banks become private banks with no FDIC
insurance and then I will say no regulation for them.

Martini, it is interesting that Goldman became a bank and accepted increased regulation.