Stegall only allowed the two to be run under the same roof...
I think "only" is dismissive of the whole point, which is that they have been intertwined from a regulatory standpoint, arguably undermining the regulation of each.
Why keep money in a mattress when the FDIC and its insurance is backed by the full faith of the USGovt?
The mattress alternative is a patent strawman, but FDIC insurance hardly protects against all the damage a bank failure causes its depositors. What's the average amount of time between a bank failing to pay its depositors and the FDIC paying a claim?
I think "only" is dismissive of the whole point, which is that they have been intertwined from a regulatory standpoint, arguably undermining the regulation of each.
Why keep money in a mattress when the FDIC and its insurance is backed by the full faith of the USGovt?
The mattress alternative is a patent strawman, but FDIC insurance hardly protects against all the damage a bank failure causes its depositors. What's the average amount of time between a bank failing to pay its depositors and the FDIC paying a claim?