It seems the "experts" have difficulty understanding the current complex state of government regulations.
http://www.econbrowser.com/archives/2008/11/update_on_fdic.html "Update on FDIC guarantee fees from Econbrowser by James Hamilton On Saturday I noted that details of the FDIC guarantees of fed funds implemented on October 14 could introduce a substantial wedge between the fed funds target and the effective fed funds rate. Rebecca Wilder argues that this could not be affecting the current effective fed funds rate due to details of the "opt out" provision. Here I provide some further discussion of this point. I believe that Rebecca Wilder is correct that I was misinterpreting the FDIC October 16 technical briefing...." _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
