douglas French

You probably don’t realize this, but your finances are standing behind more than a trillion dollars of the bank deposits of large corporations and municipalities housed at America’s largest banks. It all began in 2008, as it usually does. During the crash, the FDIC instituted the TAG (Transaction Account Guarantee) program. TAG provides UNLIMITED coverage …

In his famous “you didn’t build it” speech, President Obama cited the Internet, fire departments, the GI Bill, the Golden Gate Bridge and the Hoover Dam as examples of government action that helps business owners. Each needs addressing, but let’s start with the Hoover Dam. The president is riffing off of Rachel Maddow’s MSNBC commercial …