FDIC considers special fee on big banks to cover crisis costs
TL;DR Summary
A former Federal Reserve official argues that the Fed should continue to raise interest rates to prevent another banking crisis, but this could ultimately lead to consumers paying the price. The banking crisis of 2008 was caused by low interest rates and risky lending practices, and raising rates could prevent a similar situation from occurring. However, higher rates would also mean higher borrowing costs for consumers, potentially slowing down the economy.
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- Report: FDIC Might Levy Special Fee on Big Banks to Pay for Crisis Cheddar
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