Episode 52
Banking on Moral Hazard: The Push for $10 Million Deposit Insurance
Cato Podcast · Cato Institute
January 1, 202634m 19s
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Show Notes
A plan to massively expand FDIC insurance is gaining traction in Washington, despite little evidence that customers or community banks are asking for it. Cato's Nicholas Anthony, Norbert Michel, and Jill Castilla, CEO of Citizens Bank of Edmond, show how the proposal would subsidize wealthy depositors, weaken market discipline, and entrench bailout expectations across the banking system.
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