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Finance and economics

Is the Federal Reserve giving banks a $12bn subsidy?

EVERY time the Federal Reserve has raised charges for the reason that monetary disaster, because it did on March 15th, it has finished so partly by growing “Curiosity On Extra Reserves” (IOER). This obscure coverage price is surprisingly controversial. Jeb Hensarling, the Republican chair of the congressional committee that oversees …

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The approaching revolution in insurance coverage protection

IN THE stormy and ever-changing world of worldwide finance, insurance coverage protection has remained a relatively placid backwater. With the notable exception of AIG, an American insurer bailed out by the taxpayer in 2008, the commerce rode out the financial catastrophe largely unscathed. Now, nonetheless, insurers face unprecedented aggressive stress …

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