Shane Mage wrote: > their deposits are already insured by the government > and any present "limit" on that insurance can be > instantly increased without limit as it was for the > S&Ls
There's something called context. We're using the term "banks" and "deposits" in general. We're referring not only to commercial banks and FDIC-insured deposits. And, in case it is not clear, that some deposits are insured by a public agency (ultimately the Treasury) doesn't mean that the collapse of the banks would be *socially* costless. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
