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    Morning Bell: Don't Enable The Financial-Regulatory Complex

    This Saturday, tens of thousands of Americans marched on Washington to protest the unprecedented amount of power being concentrated in Washington, DC under the Obama administration. And even the New York Times admits they have a point: “The government is the nation’s biggest lender, insurer, automaker and guarantor against risk … More

    An Increased Range of Tools to Fight the Economic Crisis

    The economic rescue package that the House will vote on tomorrow provides federal regulators with a broader array of tools to fight the economic problems facing the nation than the version that was defeated Monday. As the effects of the crisis continue to spread, these additional tools are likely to … More

    How the FDIC Cap Makes the Rescue More Effective

    Two stories in The New York Times today demonstrate why the increase in the level of deposits the FDIC can guarantee (from $100,000 to $250,000) will help address the spreading financial crisis. First, on the importance of small businesses to the U.S. economy: Small businesses in America — the 27 … More

    FDIC Fixes Improve Rescue's Effectiveness

    It appears that the Senate is already on the road to improving the financial rescue package that the House of Representatives rejected earlier this week. The biggest change in the Senate version of the bill is an increase in FDIC insured deposits, which would rise to $250,000 from $100,000. This … More

    The FDIC Should Stick To Insuring Bank Depoists

    Federal Deposit Insurance Corp. chair Sheila Bair gave a curious interview to US News & World Report this week. While Democrats in the House are holding hearings on a housing bailout that will cost tax payers a minimum of $20 billion, Bair starts the bidding $50 billion: One idea is … More