Comment Text:
Based on the Wall Street Journal article "Risk rule riles Main Street" 4-13-2011 I fully support FDIC Chairperson Shiela Bair's efforts to have collateral posted for all derivatives at every level. To let the banks and industries reach agreement to not require any capital is the same as creating "new" money. If homeowners need to put 20% down on a mortgage as proposed, surely some collateral should be put down by the industry. The banks want to collect fees and have an incentive to take risk just like AIG and Fannie and Freddie did before the financial collapse of 2008. Holding companies and excessive margins and leverage brought on the stock market collapse of 1929 also. In the 20s it was commodities that collapsed first when farm prices fell. I command Ms Bair for her outstanding leadership since she took over in 2006 and recognized the FDIC backup fund had to increase. Job well!
