Why the FDIC is important…

…can be appreciated by reading this article: Worried customers flock to shuttered bank for answers in the Greeley Tribune. No one likes to see a bank fail, but it is much much worse if the bank’s customers go down with it: then you would see panic and despair on full display. Reading this article, you see at best concern and some degree of worry. You can also see what a difference the FDIC makes.

Thanks to David Kurtz from TPM for the pointer (via twitter).