As #AdamLevitin put it on #CreditSlips:

> They will pass those premiums through to customers because the market for banking services is less competitive than the market for capital. In particular, the higher costs for increased insurance premiums are likely to flow to the least price-sensitive and most “sticky” customers: less wealthy individuals. So average Joes are going to be facing things like higher account fees or lower APYs, without gaining any benefit.

6/

Writing for #CreditSlips, the #FinanceLaw scholar #AdamLevitin admits to feeling a bit of schadenfreude in that moment. The "blue collar" law scholars in "grubby" banking and money fields have always treated the conlaw set as "slightly clueless toffs":

https://www.creditslips.org/creditslips/2023/03/the-death-of-dodd-frank-banking-laws-dobbs-moment.html

As a field, conlaw fiercely resists the idea that their field is "largely a battle of normative opinions, without any quasi-objective touchstone or clearly right or wrong answers."

2/

The #BankTermFundingProgram is a zombie-bank life-support program

Adam Levitin at #CreditSlips
https://www.creditslips.org/creditslips/2023/03/the-financial-regulatory-credibility-problem.html

Lifting FDIC insurance caps is a way to get average people to subsidize billionaires - FDIC insurance costs are always passed onto everyday customers.

Adam Levitin on #CreditSlips

https://www.creditslips.org/creditslips/2023/03/the-regressive-cross-subsidy-of-uncapping-deposit-insurance.html