Deposit insurance is not a right

If customers have loaned their money to a bank in the form of making a deposit they have no right to expect the taxpayer to protect them. If the value of bank credit rests on deposit insurance this means that without taxpayer support a person's savings are worthless. But we have no right to expect other people to protect our savings... if we take this expectation to the absurd conclusion we can see that someone could fraudulently make a loan to an accomplice and then claim a taxpayer refund when the loan goes bad. It is a false concept to think that we have a right for our investments to always be guaranteed by the state. If we have taken a risk with our money we have no right to socialise the losses which is why there is a problem with deposit insurance. Bank customers have no right to expect other people to protect their deposits.