A representative towards the You Treasury Agency told Meadow Woods loans you it had been “encouraged” that the bargain are done in a way “one safe all depositors”.

Meanwhile, brand new FDIC together with create an offer to evolve how government guarantees lender places to make sure that team levels was protected outside of the newest $250,000 limit, pointing out a need to answer questions elevated by the recent occurrences.

Betsey Stevenson, professor out-of economics from the College from Michigan, told you Earliest Republic did not have “general problems” but unsuccessful because the users panicked. Read more