The impact of bank failures on markets and the economy
Exchanges
00:00
The Liquidity Drain After the Global Financial Crisis
FDIC cannot unilaterally guarantee all deposits in the financial system without seeking approval from Congress first. The only way of achieving that is through a joint resolution from Congress. So I do think there is going to be some migration of deposits from the smallest institutions to the largest institutions. But I also think there's going to beSome migration of deposits outside of the banking system as well.
Transcript
Play full episode
