Sheila Bair, the Chairman of the US Federal Deposit Insurance Corporation (FDIC), has said many times that the peak in bank failures would not occur until the latter part of this year. What’s the holdup? Why aren’t more banks being closed more quickly?
November 4th, 2010 | Douglas French | 0 comments | ContinuedArchive for Douglas French
Douglas French is president of the Mises Institute and author of Early Speculative Bubbles & Increases in the Money Supply. He received his masters degree in economics from the University of Nevada, Las Vegas, under Murray Rothbard with Professor Hans-Hermann Hoppe serving on his thesis committee.
Bank Failures in Slow Motion
Every Friday evening a few more banks are closed – seized by the various state banking regulators and handed over to the Federal Deposit Insurance Corporation (FDIC) for liquidation. This all happens rather quietly, barely making the news. We’re told these bank failures are no big deal. No reason to panic. The names of the banks change over the weekend and many customers don’t notice the difference.
November 3rd, 2010 | Douglas French | 0 comments | Continued
FDIC Wants Banks to Make More Loans to their Business Customers
This secular shift away from “productive” lending to businesses toward “nonproductive” lending to consumers creates a new kind of structural weakness for the American economy.
December 10th, 2009 | Douglas French | 0 comments | Continued
