Abstract

Time to Stop Bailing Out the Banks
Todd, Walker | September 16, 1991 issue

add to cart   close window

The present system of the U.S. bank regulation, supervision and deposit insurance, which was adopted under the New Deal, was intended to make it impossible for commercial banks to become insolvent, or if insolvent to remain open without federal assistance, or if federally assisted to continue to pay managements' salaries and bonuses and shareholders' dividends as though nothing had happened. But all of these absurdities have come to pass in the 1980's and early 1990's. The Federal Deposit Insurance Corp. now recognizes about 200 commercial bank insolvencies per year and estimates that about 220 commercial banks will fail each year in 1991 and 1992.

See Also:

BANKS & banking -- United States; NEW Deal, 1933-1939; STOCKHOLDERS; DIVIDENDS; BANK insurance; FEDERAL Deposit Insurance Corp.; BANKRUPTCY; UNITED States
ARCHIVE HOME
Pricing
Articles are sold in 'packs,' which are priced as follows:

1 for 2.95
4 for 9.95
10 for 19.95
50 for 34.95
300 for 149.95
Refund Policy
Sales of archive individual articles, full issues or article packs are final and no refunds will be issued.
Access for libraries
help
Search
Browse
Sample Article

In Your Cart

Your cart is empty.

My Articles

You must be logged in to view your articles.

User name

Password

I don't have a login.

I forgot my user name/password.
Advertisement
Advertisement

Blogs

» Act Now!

Coal Country | "This is a civil war."
Peter Rothberg
Posted 26 minutes ago

» The Notion

A Blow to Privatization in Israel (and Perhaps Beyond) | A potentially historic ruling on prison privatization, in Israel.
Eyal Press
Posted at 9:48 ET

» The Dreyfuss Report

Can China Help on Afghanistan? | Beijing wants a broader role in the Middle East and South Asia. Will Obama bring them in?
Robert Dreyfuss
6 Comments
Posted at 8:50 ET

» Editor's Cut

Around the Nation | The week we went Rouge. Plus, Moyers on Afghanistan.
Katrina vanden Heuvel
57 Comments

» The Beat

Health Care Bill Advances, as Harry Reid Trumps Sarah Palin | The death panelist-in-chief rallied her followers to "KILL THE BILL." But 60 senators decided to follow the real leader.
John Nichols
69 Comments

» Altercation

Slacker Friday | The "Second Amendment" sale; the raving paranoids of the right.
Eric Alterman