Article: Banking Crisis 3.0: Time to Change the Rules of the Game - The deposit base of the financial system has not actually been nationalized, but Congress is considering modifications to the FDIC insurance limit. Meanwhile, one state that does not face those problems is North Dakota, where its state-owned bank acts as a mini-Fed for the state. But first, a closer look at the issues.
On CNN March 14, Roger Altman, a former deputy Treasury secretary in the Clinton administration, said that American banks were on the verge of being nationalized: What the authorities did over the weekend was absolutely profound. They guaranteed the deposits, all of them, at Silicon Valley Bank. What that really means … is that they have
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Now senators are getting involved in the big Xbox-PlayStation console war, this time as part of trade talks between the United States and Japan. Oh boy.
On March 15th, Maryland’s House of Delegates voted 100-38 to pass House Bill 588, the Access to Care Act. The act requires the Maryland Health Benefit Exchange Fund to fund the establishment and operation of the Qualified Resident Enrollment Program, which would allow undocumented residents access to the state health insurance marketplace.