Apologists for crony capitalism are telling the American people that shareholders and executives of failed banks will be wiped out. The reality is more complex ...

The FDIC will provide unlimited deposit insurance for Silicon Valley Bank and Signature Bank and the Fed will accept depreciated securities at par value from banks seeking emergency funding ...

Municipal bonds have traditionally been extremely safe investments with very low default rates and attractive tax exempt features for most investors. Municipal bond insurance has allowed state and local governments to obtain higher credit ratings, thereby generating significant interest savings ...