alt Hacker NewsWhy wasn't it set up so the government is the insurer. Rather than 3rd partying it. It is akin to federal reserve using wells fargo to store their money.
Replies
actionfromafar • today at 1:41 AM
That's communist talk I'm told. We must have lobbyists (remember, money is people, too) instead.
Spooky23 • today at 2:08 AM
Because that is evil socialism
Because of regulatory capture and lobbying and campaigning to get people to vote against their self interest.