All Posts Tagged With: "Federal Deposit Insurance Corporation"
Financial Regulation Snake Oil
Recent turmoil set off by the threat of Greek insolvency shows how fast markets change. Fear about the inability of European governments to pay their debts caused the 2010 turbulence. By contrast, the 2008–2009 havoc was rooted in the collapse of property values. The next crisis will be about something else, possibly another government’s debt. [...]
25Aug2010 | Chidem Kurdas | 1 comment | ContinuedFederal Deposit Insurance: A Banking System Built on Sand
Federal deposit insurance grew out of a turbulent time in American history: the Great Depression. During two waves of bank failures in the 1930s an astonishing 9,000 banks closed and millions of depositors lost some or all of their savings. The Federal Deposit Insurance Corporation (FDIC) began operations in 1934, insuring deposit accounts up to [...]
20May2010 | Warren C. Gibson | 11 comments | ContinuedSubprime Monetary Policy
In recent years monetary policy has been conducted so as to create an expectation that the Federal Reserve will bail out investors when asset bubbles deflate. Investors have come to bank on the Fed’s backing of risky ventures. The recent crisis in the subprime mortgage market is at least partly the outcome of this new [...]
1Nov2007 | Gerald P. O'Driscoll, Jr. | 2 comments | Continued"Corporate" Power Alone Is the Problem?
One of the tried and true formulas for giving a speech is the “loss of the golden days” approach. The speaker contrasts an imagined time in the past when things were good with present conditions. The present, of course, is bad and rapidly getting worse. Some evil force that the listeners are bound to dislike [...]
1Apr2005 | George C. Leef | 0 comments | ContinuedGovernment Deposit Insurance: A Dumb Idea
A headline on an Associated Press story in mid-June read, “Doubling Deposit Insurance Opposed.” Surprisingly, the Clinton administration–which can usually be counted on to support anything that extends the reach of government–had come out against a proposal to raise the amount of bank deposits insured by the Federal Deposit Insurance Corporation from $100,000 to $200,000. [...]
1Oct2000 | Lawrence W. Reed | 0 comments | Continued-
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