Americans are about to re-learn that bank deposit insurance isn't free, even as Washington is doing its best to delay the coming bailout. The banking system and the federal fisc would both be better off in the long run if the political class owned up to the reality.The Coming Deposit Insurance Bailout
We're referring to the federal deposit insurance fund, which has been shrinking faster than reservoirs in the California drought.
Thursday, September 03, 2009
Another lesson that federal guarantees aren't free...
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