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Local Banks, the Federal Reserve, and the Modern-Day Bank Run

federal reserve

In 1913, a US Senator from the Kansas City, Missouri area flipped his vote, and the Federal Reserve System was created. Senator James A. Reed gave us central banking with 12 autonomous ...

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Big banks and likely their customers will pay billions for bank failures

American consumers will likely bear the burden of billions in additional banking fees as the federal government charges banks to replenish the deposit insurance fund. The Federal Deposit Insurance Corporation (FDIC) announced ...

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