The Business Times

Peter Conti-Brown

PETER CONTI-BROWN IS A PROFESSOR OF FINANCIAL REGULATION AT THE WHARTON SCHOOL OF THE UNIVERSITY OF PENNSYLVANIA. HE IS WORKING ON A BOOK ON THE HISTORY OF BANK SUPERVISION IN AMERICA

Vice chair for supervision of the Federal Reserve Michael Barr (L), with chairman of the Federal Deposit Insurance Corporation (FDIC) Martin Gruenberg (R), testify during the House Committee on Financial Services hearing on the recent bank failures on Capitol Hill in Washington, DC, March 29, 2023.

The bank reform that will harm the American economy and US politics

Guaranteeing all bank deposits regardless of size would incite pain for the US financial system and society

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