Supporters of a plan to raise the U.S. government’s deposit insurance limit 40-fold to $10 million for non-interest-bearing deposits claim it will protect small businesses and the financial system. Don’t be fooled. The bill in question, the Main Street Depositor Protection Act, isn’t about safeguarding deposits; it’s about expanding government power over banks, and ultimately, […]
Author Archives: Eric Ventimiglia
Eric Ventimiglia serves as Executive Director of Pinpoint Policy Institute, a nonpartisan, nonprofit educational organization dedicated to promoting and defending the essential pillars of American prosperity.
