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In Brief: When Should Banks Be Saved? (with Sheila Bair)
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Aren't We Always at Risk of Bank Runs?
I think characterizing this for what it was and having an orderly resolution paying the advanced dividend would have been a better signal to the markets than what they did. It's important to understand that there are already ways to get hundreds of millions of dollars of insured deposits. I think there is at least a case for temporary guarantee of all uninsured deposits and transaction accounts.
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