FDIC was put in place after The Great Depression, in order to prevent another Gr... | Hacker News

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		Wowfunhappy on Sept 8, 2021 \| parent \| context \| favorite \| on: The SEC has told us it wants to sue us over Lend. ... FDIC was put in place after The Great Depression, in order to prevent another Great Depression. There is no opt out because when large numbers of people make risky investments without planning for the consequences, it affects the entire economy.

throwaway98797 on Sept 8, 2021 [–]

Individual freedom vs. community safety.

Where to draw the line?

Who should draw it and by what mechanism?

Wowfunhappy on Sept 8, 2021 | [–]

> Where to draw the line? Who should draw it and by what mechanism?

The democratically elected government seems like a good place to start!

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