No FDIC insurance for investment banks
Reader comment on: Bloomberg on Banks
Submitted by Jan Twardowski (United States), Jun 19, 2012 15:30
The idea put forward in a recent WSJ op-ed was to limit FDIC deposit insurance to deposit/loan banks, excluding those engaging in investment banking, brokerage, proprietary trading, etc. It's basically reinstating a key element of Glass-Steagall. Seems like a better idea to me than the per-institution limit.
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