Episode 310: GAO report on Treasury's actions around 2023 bank failures

This episode examines a recently released report from the Government Accountability Office (GAO) titled “Federal Deposit Insurance Act: Federal Agency Efforts to Identify and Mitigate Systemic Risk from the March 2023 Bank Failures.” GAO examined the actions taken by the Treasury Secretary and other federal regulators during the banking crisis of early 2023 to determine if their actions were appropriate in mitigating the overall risk of the event. Did they act prudently and within their authority? A link to the full report and a summary are included below.

Link: GAO-25-107023, FEDERAL DEPOSIT INSURANCE ACT: Federal Agency Efforts to Identify and Mitigate Systemic Risk from the March 2023 Bank Failures

Link: GAO-25-107023 Highlights, FEDERAL DEPOSIT INSURANCE ACT: Federal Agency Efforts to Identify and Mitigate Systemic Risk from the March 2023 Bank Failures