Forward Guidance cover image

The Fed's Playbook for Fighting Bank Panics, Now vs. The Great Depression | Dr. Jane Knodell

Forward Guidance

00:00

The Failure of the FDIC in the Banking Crisis

In the 80s and 90s, when banks failed, the FDIC hinted that they would take care of uninsured depositors or they actually did. And it happened through these purchase and assumption agreements that the FDIC entered into. In a straight deposit payout, this is like the hardcore, you know, we're going to just insure the depositors and then we're Going to liquidate the assets of the bank. The shareholders are at the bottom of the list.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app