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Bookmarking Crypto InsightsMon, 20 Mar 2023 02:34:59 +0000en-US
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3232US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks
https://www.digit.info/us-lawmaker-urges-government-to-guarantee-all-deposits-to-avoid-runs-on-smaller-banks/
Mon, 20 Mar 2023 02:34:59 +0000https://www.digit.info/2023/03/20/us-lawmaker-urges-government-to-guarantee-all-deposits-to-avoid-runs-on-smaller-banks/Read more]]>A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that if the government does not do this, there will be a run on smaller banks. “This is a contagion that could be spread across the entire banking system,” […]
A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that if the government does not do this, there will be a run on smaller banks. “This is a contagion that could be spread across the entire banking system,” […]