Replacing the FDIC: Private Insurance for Bank Deposits England, Catherine;
Publication Date: December 1982
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): John Palffy
FDIC has proved that, while it can rescue banks, it cannot prevent failures. A system of private insurance, marshalling time-tested market incentives, will create an environment in which the malaise of shaky financial institutions can be detected early and restored to health.