The Risks of the Bank Terms Funding Program

Sally Kohn: What are the risks here? I mean, we all talk about moral hazard. And I think this is exactly what you're talking about,. The actions of the administration and the Fed here, the regulators here, essentially to send a signal toEverybody. Don't worry. You deposit is safe. But if they're successful in communicating to uninsured depositors, they're okay, then that's going to lead to laxity and vigilance. This is also not going to be healthy. We do want some market discipline. That's why we have deposit insurance caps for main street households. 250,000 is more than enough. So there are a lot of ways you can get