It has long been understood that deposit guarantees and too-big-to-fail (TBTF) policies create a moral-hazard problem they incentivize banks to take on too much risk by shielding depositors and shareholders from losses in excess of equity (“left-tail” outcomes) in American banking.1 Congress passed the Federal Deposit Insurance Corporation Improvement Act (FDICIA) in 1991 to mitigate the moral-hazard problem by restricting forbearance and implicit subsidies for undercapitalized banks.
A Redmond woman and her husband were killed by her stalker on Friday. She filed a protection order against him in January and police say she did everything right.
Cat Connell is an estate planning attorney with K&L Gates, her practice includes estate planning; trust and estate administration; resolving estate and trust disputes; charitable giving; and gift, estate, generation-skipping, and property tax planning for individuals and businesses.
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