
Episode #96
Ep 96: Deposit insurance stopped the bank run — then paid for a decade of thrift gambling that…
Deposit insurance stopped the bank run — then paid for a decade of thrift gambling that cost taxpayers $124 billion. Segment 1 — The Cold Open In March 1933, Americans queued around the block to yank their savings out of banks that might not open tomorrow. Half a century later, a money broker in New York could wire millions to a Texas savings-and-loan he had never seen, because the advertised rate was a quarter-point higher and every dollar was guaranteed by the United States. ... AI Disclosure: This podcast is curated by Patrick but uses AI-generated voice synthesis for audio production. Full show notes, transcript & sources: read the episode page Part of the Nerra Network — explore every show at nerranetwork.com .

