A Puzzling Bailout and A Perilous Economy
WSJ Opinion: Free Expression
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How to Deal With Bank Failures Without a Systemic Risk Determination
Former FDIC chief: "We handled about 400 bank figures without any kind of systemic risk determination" He would have paid the insured depositors whatever advanced dividend he felt confident he could pay. The small banks are really taking it on the chin because they're going to use individual systemic risk determinations, he says.
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