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The Return Of Bank Runs | Sheila Bair, Former FDIC Chair
Forward Guidance
The Systemic Risk Determination Grants the FDIC the Ability to Ensure Specific Banks Above $250,000
The Fed does not have to have a systemic risk determination for a 13-3 program. They do have if they're going to do 13-3, they have to make it generally available. So this was something in Dodd-Frank, which I pushed for. The optics around this are really bad. You're helping Citibank, you're not helping AIG or the Orpheady being Freddie Mac.
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