TV

I joined Schwab Network’s “Market on Close” to give my perspective on the Federal Reserve’s announcement yesterday that it would keep its key interest rate unchanged heading into 2024. 

Regulators have been acting in an ad-hoc manner, albeit in good faith, for over six decades (including during the period when I was Chairman of the FDIC). This unending practice of bailouts of large banks and large depositors must end––now.

I urge Congress and the regulators to develop a plan to reform the deposit insurance system to end bailing out the largest depositors when banks fail.

I joined Yahoo! Finance TV once again to discuss today’s banking crisis and what’s to come.

I joined BNN Bloomberg to discuss the ongoing U.S. banking troubles.

I spoke with Annmarie Hordern and Joe Mathieu on Bloomberg’s “Balance of Power” about reports that the FDIC may place First Republic Bank under receivership, and talked about the report the Federal Reserve put out on the collapse of Silicon Valley Bank.

I appeared on Bloomberg Markets to discuss SVB’s bank failure and the FDIC’s reaction with host Alix Steel.