Jan 20 2010
FDIC and Rewarding the Risky Banks. How a Safety Net Hides the Risk in Banking. When Your Bank is Failing or is Emerging from Failure Offer Good CD Rates.
There is a fascinating phenomenon that occurs in the banking system when capital is running short. At least, this was the case before the government decided to be the ultimate financial backup for the entire banking structure of our country. Places like Washington Mutual or Countrywide were offering stellar rates on various savings vehicles only [...]