Americans for Tax Reform: Private Deposit Insurance Can Help Challenge Federal Deposit Insurance Monopoly
June 23, 2026
June 23, 2026
WASHINGTON, June 24 -- Americans for Tax Reform posted the following commentary on June 22, 2026, by Andrew Gins and Daniel Lee:
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Private Deposit Insurance Can Help Challenge Federal Deposit Insurance Monopoly
Federal deposit insurance operates as a monopoly. The U.S. financial system has guaranteed deposits at banks since 1934. This system was supposed to prevent bank runs by instilling confidence in depositors, assuring them that their money would be . . .
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Private Deposit Insurance Can Help Challenge Federal Deposit Insurance Monopoly
Federal deposit insurance operates as a monopoly. The U.S. financial system has guaranteed deposits at banks since 1934. This system was supposed to prevent bank runs by instilling confidence in depositors, assuring them that their money would be . . .