[burger]

Now that the FDIC has guaranteed all uninsured depositors, I wonder if it is time to explicitly gurantee all deposits, regardless of amount.  It will mean that banks banks' customers will have to pay more to the FDIC in insurance, and probably ought to be subject to more supervision, but if there is fundamentally no difference in how the FDIC treats uninsured and insured accounts, then we should probably say it out loud, shouldn't we?

BC

Fixed that for you.

But, yes, if there's going to be an unofficial (and probably extra-legal) policy that the FDIC and the Fed will ultimately back up all deposits, then just make that the official policy already.

[burger]

Now that the FDIC has guaranteed all uninsured depositors, I wonder if it is time to explicitly gurantee all deposits, regardless of amount.  It will mean that banks banks' customers will have to pay more to the FDIC in insurance, and probably ought to be subject to more supervision, but if there is fundamentally no difference in how the FDIC treats uninsured and insured accounts, then we should probably say it out loud, shouldn't we?

BC

Fixed that for you.

But, yes, if there's going to be an unofficial (and probably extra-legal) policy that the FDIC and the Fed will ultimately back up all deposits, then just make that the official policy already.