Not a blog but a "q-and-a" (pronounced "quanda"), this page is about the basics of economics. Its premise: there are no stupid q's. And if some a's seem dim, take heart: I can brighten them up in response to objections, corrections, refinements. Comments on posts feature yours, and my responses. Enough of you now frequent and query the quanda that I post most every day. Haven't seen your q yet? Send it again. All a's should be taken with a shaker of sodium chloride, if not a Lot's-wife's-worth. And speaking of salt, the mustache and "hair" in the photo has a lot less of that condiment, and rather more pepper, than can be seen on TV. Think of it as time travel.
So here's a rare opportunity: to ask the person who guarantees your bank deposits anything you wish. I'd make suggestions, but they would probably be questions I'll wind up actually asking myself. I therefore encourage you to come up with your own: on banking reforms, bailouts, you name it. It's your money (as deposits) that she's insuring, money that comes from insurance premiums the banks themselves pay. But since the government's guarantee is iron-clad, if the FDIC runs out of money, it will be replenished. And that too will be your money, as a U.S. taxpayer. Be bold. Be creative. And remember, there are no stupid questions.
Leave your questions in the COMMENTS section below, and be sure to include your name, city, and state.
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Ask the FDIC's Sheila Bair Your Questions
**Paul Solman:** We're interviewing "Sheila Bair, head of the Federal Deposit Insurance Corporation":http://www.fdic.gov/about/learn/board/board.html, this Friday. **And she's agreed to answer your questions as well as mine.** Her answers will be posted here on the Business Desk in a special video.
So here's a rare opportunity: to ask the person who guarantees your bank deposits anything you wish. I'd make suggestions, but they would probably be questions I'll wind up actually asking myself. I therefore encourage you to come up with your own: on banking reforms, bailouts, you name it. It's your money (as deposits) that she's insuring, money that comes from insurance premiums the banks themselves pay. But since the government's guarantee is iron-clad, if the FDIC runs out of money, it will be replenished. And that too will be your money, as a U.S. taxpayer. Be bold. Be creative. And remember, there are no stupid questions.
**Leave your questions in the COMMENTS section below, and be sure to include your name, city, and state.**
