"When Glass-Steagall was repealed the FDIC was left intact. FDIC was enacted to reimburse small account holders in the event of a bank failure. FDIC was NEVER meant to reimburse risky brokerage-like investments of "banks gone wild". Why should taxpayers reimburse bad investments by private enterprise? These banks are playing in the big leagues and need to cover their own mistakes. You don't see banks sharing with taxpayers when they make a huge profit."