The Moral Hazards of Unlimited Depositor Insurance

Rowan Bennett: I'd like to know what banks would be using as collateral. All of their loans, right? Everything,. expand the collateral schedule to everything a bank is licensed to issue, get a price on it. The UK has been moving towards what they call pre-positioning. It's something that Mervyn King advocated for in his book "The End of Alchemy"