Lenders financed expansion in some markets, offsetting problems in others
How a localized flood may result in fewer loans to a far-off community
Disregarding data, novices often sail into strong winds
Seen as a backstop to small- and midsized banks, the program, allowing insurance in multiples of $250,000, alters banking’s risk calculus
An approach tailored to investor risk appetite and more comparable to stocks
Learning gradually versus all at once and how we estimate value
Doing so, they subsidize government, which is, well, sort of like a tax