All Commentary
Wednesday, February 24, 2010

FDIC in Trouble Again

“The Federal Deposit Insurance Corporation is bracing for a new wave of bank failures that could cost the agency many billions of dollars and further strain its finances.” (New York Times, Wednesday)

It’s little appreciated how much this alleged guarantee subverts sound finance.

FEE Timely Classic
“Privatize Deposit Insurance” by Jeffrey Rogers Hummel