
Regulatory Rollbacks and The Bank Panic of 2023
Lever Time
Is There a Universal Deposit Insurance Fund?
CNN's John Avlon says banks fought an effort to increase the assessment on banks that they were paying into the deposit insurance fund. Avlon: It was sort of remarkable to see like even months before a panic like the one we're seeing,Regardless of the causes, banks were just very willing to fight against something that was so common sense. Avlon said he comes down in favor of universal deposit insurance if it's constructed in a very particular way.
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