This is big. We had a failure out here on the High Desert a couple of weeks ago that didn’t get a lot of attention outside the region. Few, even amongst bank customers, even noticed. So too with the WaMu failure. Which is of course the whole point.
A thought on Moral Hazard: at this point some-entity could easily cause the very thing FDIC was established to insure against – a run on the bank[s]. This is not only big, its scary.
And should be filed under things that should not have caught me by surprise.
Categories
Independent Voter Network
Articles by Bob Morris on California and Arizona renewable energy, budget and border issues
This is big. We had a failure out here on the High Desert a couple of weeks ago that didn’t get a lot of attention outside the region. Few, even amongst bank customers, even noticed. So too with the WaMu failure. Which is of course the whole point.
A thought on Moral Hazard: at this point some-entity could easily cause the very thing FDIC was established to insure against – a run on the bank[s]. This is not only big, its scary.
And should be filed under things that should not have caught me by surprise.