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  • Flawed deposit insurance programs need reform, banking expert says

    Government insurance programs that safeguard bank deposits should be reformed to ease taxpayers' undue stake in propping up the nation's banking system, according to research by George Pennacchi, a University of Illinois finance professor.

    Government insurance programs that safeguard bank deposits should be reformed to ease taxpayers' undue stake in propping up the nation's banking system, according to research by George Pennacchi, a University of Illinois finance professor.

    Photo by L. Brian Stauffer

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      Government insurance programs that safeguard bank deposits should be reformed to ease taxpayers' undue stake in propping up the nation's banking system, according to research by George Pennacchi, a University of Illinois finance professor.

      Photo by L. Brian Stauffer

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