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The Chicago School
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Insights shaping the future of capitalism.
ProMarket
Insights shaping the future of capitalism
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The Chicago School
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Economic History
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FDIC
Why Have Uninsured Depositors Become De Facto Insured?
Michael Ohlrogge
Due to a change in how the FDIC resolves failed banks, uninsured deposits have become de facto insured. Not only is this dangerous for risk in the banking system, it is not what Congress intends the FDIC to do, writes Michael Ohlrogge.
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