--psfs, philadelphia savings fund society. they were able to survive when other savings banks did not. we actually used psfs as a partner to take care of and take over some deals we had with respect to other banks that were not surviving. they helped us out by taking over some of them. and they got paid by the fdic to do that. and i am forever grateful to psfs they are no longer with us unfortunately. but they did a group -- a good deed for the fdic and i appreciate it. host: a text from taxes saying will this not make risk more speculative to investment and that is bad, right? guest: if we keep on bailing out the largest depositors and making them whole, it will make things worse. i don't know why we don't learn that. it has been happening for a long time. for most of the fdic's history as a nation in the fdic -- the fdic as an agency has been bailing out largest -- large depositors. to some extent we have bailed out shareholders and we've got to stop it.and we got to stop pampering management and boards of the directors to d

--psfs, philadelphia savings fund society.re able to survive when other savings banks did not. we actually used psfs as a partner to take care of and take over some deals we had with respect to other banks that were not surviving. they helped us out by taking over some of them. and they got paid by the fdic to do that. and i am forever grateful to psfs they are no longer with us unfortunately. but they did a group -- a good deed for the fdic and i appreciate it. host: a text from taxes saying will this not make risk more speculative to investment and that is bad, right? guest: if we keep on bailing out the largest depositors and making them whole, it will make things worse. i don't know why we don't learn that. it has been happening for a long time. for most of the fdic's history as a nation in the fdic -- the fdic as an agency has been bailing out largest -- large depositors. to some extent we have bailed out shareholders and we've got to stop it.and we got to stop pampering management and boards of the directors to do that.