Macro Musings with David Beckworth cover image

Kate Judge and Peter Conti-Brown on the Lessons Learned from the 2023 Banking Panic

Macro Musings with David Beckworth

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The FDIC Eagle's Proposal to Keep 250 Transaction Accounts

The idea here is to permit this kind of change through companies. Do we have a technology to differentiate a wealthy person from a business that's meeting payroll? Can we do that? Sure. Have you ever heard of the internal revenue code? The tax code is filled with exactly these kinds of differentiated treatments. I don't see how the basic promise of FDIC simplicity is accomplished in that way.

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