Is deposit insurance being reformed to benefit billionaires?
Banking regulators are considering deposit insurance reform to better protect consumers and businesses. Congress is also considering deposit insurance reform through a proposed act titled the Main Street Depositor Protection Act (S.2999). The question is, who will the deposit insurance reforms really benefit? Is this reform focused on consumers and businesses or billionaires? This episode examines an article from the Epoch Times (subscription required) titled “Deposit insurance for billionaires?”
The skinny
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