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CEO of Association Management Group Carolinas Challenges Assertion on Fed Will Cover All Deposits
AMG
MAY 13, 2023
CEO of Association Management Group Carolinas Challenges Assertion on Fed Will Cover All Deposits Greensboro, NC — In response to an economist making statements at a recent NC-CAI conference that the Federal Reserve has now effectively agreed to cover all deposits, Paul Mengert, the CEO of Association Management Group Carolinas, disagrees. Mengert states, “Claims that the Federal Reserve would be required to cover all deposits are possible but very questionable.
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