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Economy and General Discussion
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Re: Where's the Cash?
Posted by: Mish
Date: 11/30/2007 01:58PM
Tom there should be "some" reserve requirement for savings deposits and it should be generous enough to cover expected withdrawals + some margin of error. There should be a 100% requirement on DDA accounts. Money available on demand should not be lent out. I m in favor of FDIC insurance only on cash and treasuries not on savings deposits or CDs offering above treasury rates.
Mish
Mish
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