March 20, 2023
Richard Curtin discussed bank bailout in Newsweek
Richard Curtin discussed the impact of the Silicon Valley Bank bailout on consumers:
The talk is now limited to the direct payments from FDIC. Indirect costs are far more, and include stock losses in retirement portfolios, rising interest rates at banks, etc., as well as increased insurance fees. The recent chatter is merely about the FDIC insurance, the smallest part of the total costs that will be paid by all banks.