After the Great Depression, the Federal Deposit Insurance Corp. was created to provide limited deposit insurance to protect small depositors and to further increase the resiliency of the financial system. Then, over the past 30 years, this safety net has expanded far beyond its original intent.
*  *  *  Let me start by commending Dr. Krishna Srinivasan and Dr. Eli Remolona for the excellent presentations on this very timely and important issue. A vast discussion on exit strategy has been hovering around us recently, which involve so many ways and aspects.