Government Bureaucracies Can't Supervise Our Banks. Here's a Private Sector Alternative (Audio: Podcast)

With the failure of Silicon Valley Bank and a few others, it’s clear that the Federal Reserve failed to detect and prevent fairly obvious problems, and then acted to guarantee deposits above the legal guarantee threshold of $250,000. Beyond of the moral hazard of that action, why is it that the only option for protecting deposits is the federal government? Shouldn’t there be ways to insure the security of deposits through private sector devices? IPI Resident Scholar Dr. Merrill Matthews describes his recent op/ed, written with IPI Board Chairman Wayne Stoltenberg, on private alternatives to federal insurance.