After the Storm: US Banking System Still Afloat etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
Letting all depositors off the hook creates a moral hazard, but taxpayer money should be protected. If Congress won’t extend full insurance to states and localities, banks should be required to protect those deposits with their own collateral.
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assure senate on wednesday that no such blanket insurance is under consideration. but after bank stocks tanked yellen change course telling lawmakers thursday, that the administration is prepared to take additional actions if warranted so are all bank accounts insured or not we re back our panel dan henninger and kim strassel and editorial member joe so let s start with kind of your sense of just where this bank panic is, is this are the banks as sound as yellen and chair powell seem to be saying or is there more trouble ahead? well, i do think that the banks are in much better shape than they probably were going into the 2008 panic. you know, 13 years ago, but i do think that there s a bigger problem we ve got which is that economic policy especially monetary policy interest rates quantitative has been so unusual
john: the cost borrowing money is higher after the federal reserve hiked interest rates despite the greatest banking crisis since the depression. walking the tight rope. joining us now the maria bartiromo for a deeper dive on this. the wall street journal also said this. that try to walk that tight rope is fraught with risk. one is that they prove insufficient to provoke a larger bank panic. a sudden easing of interest rates no matter the inflation rate at the time. the fed could be forced to ease before it has conquered inflation. you talk about a balancing act here. this is precarious and the ramifications are huge. yes, they sure are, john.