February 3, 2013

Is there a Massive Bank Run in Progress? If So, What Does it Mean?

ome economic followers noted that the FDIC’s temporary unlimited coverage for non-interest bearing transaction accounts was set to expire on December 31st of 2012. The prediction was that this could trigger massive withdrawals from the “Too Big to Fail” (TBGT) banks: Well, it turns out that this prediction was correct. The FDIC unlimited insurance did […]

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