April 13, 2009 5:03 PM
Simon Johnson writes in Economix for the NYT that with the FDIC having unlimited drawing power from the FED in case of emergency and also with online banking, a depression era, consumer-type run on a bank in which people lined up to withdraw their money is no longer likely. However, a new kind of run where investors run from a bank’s equity and perhaps debt securities is a very real possibility.
More on this topic
(What's this?)
Decoding the NY Fed on Shadow Banking
(naked capitalism, 7/20/10)
Richard Smith: Did We Wind Up With Any Reform of the Shadow Banking System?
(naked capitalism, 6/28/10)
JIM GRANT SAYS THE FED KNOWS NOTHING
(THE PRAGMATIC CAPITALIST, 7/18/10)
Bank Shareholders: Forget About Dividend Increases
(Dividend Growth Investor, 3/15/10)







