lecture27_312_NewDeal&Beyond_SP11_overheads

lecture27_312_NewDeal&Beyond_SP11_overheads -...

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Lecture 27 May 9, 2011 Last Class Note: There will be a review session for the Final Exam at 11:00 on Friday, May 13, in Jimenez Hall Room 0220. I will be there to answer questions, I will not prepare any lecture. I am passing out the review sheet, it is also posted on the web site.
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The Federal Deposit Insurance Corporation The FDIC is an insurance agency that collects premiums from member banks. The premiums go into a fund which is available to pay depositors in banks that fail or suspend. In order to insure that banks do not abuse the insurance provisions, the FDIC collects financial information on banks on a regular basis (like the FED). There is considerable debate about the desirability of deposit insurance among financial economists, it has its good and bad aspects. But it did stop banking panics, as depositors gained confidence that their deposits would be repaid, they stopped running on banks.
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The Glass-Steagall Act of 1933 Established the FDIC Separated commercial banking from investment banking (this provision was repealed in 1999). It also established regulations on the amount of interest rates bank could offer on deposit accounts.
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Securities Act of 1933. One of the major outcomes of the Act and Commission, was to require publicly traded companies to disclose much more information to investors. The SEC also has the power to license and regulate stock
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lecture27_312_NewDeal&Beyond_SP11_overheads -...

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