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Comment for Proposed Rule 75 FR 80747

  • From: John Despard
    Organization(s):

    Comment No: 34134
    Date: 2/21/2011

    Comment Text:

    Submitter Info:
    First Name: John
    Last Name: Despard
    Mailing Address: 2825 S. 38th Ave.
    City: Omaha
    Country: United States
    State or Province: NE
    Postal Code: 68105

    These banks should not be supported at all with taxpayer money. The FDIC uses taxpayer money to support losses incurred by these banks. This should stop. They should have to post bonds to guarantee deposits if they are going to gamble with our money. If they are earning enough to pay their executives millions in salaries they can afford to post bonds to cover our deposits. Force them to take risks with their money not ours. Taxpayer money should not go to support the rich elite in our country and the world.

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