Charles N. Cranmer

Author, The Open Society and Its Banks

Charles N. Cranmer, a former investment manager, writes the Substack, The Open Society and Its Banks.

Deposit insurance

Insuring all deposits would create a safer, fairer banking industry

Citing "moral hazard" as the reason for denying full federal deposit insurance betrays a completely unrealistic belief in the ability of everyday depositors to gauge a bank's strength.

By Charles N. Cranmer

August 29