IT'S THE TAXPAYER, STUPID

Is the government expanding the role of the FDIC to become the new AIG? The FDIC currently insures Deposits in Banks up to $250,000. The new proposal wants to expand the FDIC's role to include insuring high risk loans to public-private investment funds. If the Goverment guarantees against any loss on these high risk investments, who will bear the risk? Of course, it's the taxpayer, stupid.

Proponents of this "plan" claim to be able to "regulate" these high risk investments, but the only way to regulate high risk is to lower the risk. Schemes like this (to insure the insurer) are either wishful thinking or attempts to confuse the potential victim, the taxpayer.