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Immunised from Banking Lurgy? Ep 335 David Tripe

NZ Everyday Investor

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The Dodd-Frank Act and the Bank Collapse

With the Dodd-Frank Act, did that contribute or accelerate the bank collapse? It looks as if they reduced the extent of oversight over banks such as SBB. The advantage of deposit insurance is that it doesn't generally protect everybody, but it does protect most deposits. In New Zealand now and we don't have FDIC insurance or anything like that yet, but my understanding is that in 2024, we should have something... There's something in Parliament now which is going to give us insurance to 100,000.

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