Straight Talk — Uneasy times

Regulators are asking bankers to make some very big decisions in a hurry with limited information. The situation has got to be making most bankers – typically pragmatic and analytical – uneasy. On Oct. 14, the FDIC said it will guarantee bank debt and raise the insurance coverage on certain transaction accounts. The measures are designed to stimulate bank activity, both between banks themselves, and between banks and their customers. The debt guarantee program covers senior unsecured debt and should give lenders the confidence to made deals with other banks they may have grown uncertain about. The guarantee, however . . .

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