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December 18, 2008

Unintended Consequences and Deposit Insurance

I'm working on a longer piece about the unintended consequences of current policy -- e.g., ballooning deposit insurance allowing small banks and others to end-run the Treasury bailout via CDARS -- so you can see why this new OECD chart struck me. There has been an incredible sea-change in the world of global deposit insurance, and the consequences, while not entirely knowable, will also not be what regulators currently expect.

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