Surveillance: Bank Turmoil with KBW's Michaud
Bloomberg Surveillance
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The Importance of Orderliness in the Economy
"I think what we need is orderliness. My preference would be the administration came out right now and said that any bank that fails of any size for the next year, we're going to guarantee the deposits," he says. "We are probably, according to our numbers, still 10% too high in terms of surge COVID deposits." 'It's going to have a detrimental effect on the economy'
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