nntaleb: @felixsalmon sees with clarity: http://blogs.reuters.com/felix-salmon/2010/08/16/the-mess-that-is-deposit-insurance/

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JohnH-  Excerpt from the article:

The product in question is CDARS, and Blinder is a founder of the company which invented them. When Blinder wrote an op-ed complaining about an attempt to broaden deposit insurance, I was underwhelmed, writing that “Blinder has a massive conflict: he’s the vice-chairman of the company which runs CDARS, a financial instrument designed solely to get around FDIC deposit limits.” Without deposit limits, of course, CDARS become moot, and Blinder loses a large chunk of income.