For example, the local real-estate boom and bust in Nevada was as severe as that in Spain or Ireland. But, in Nevada, which is similar in size to Ireland, the local banking system’s losses were absorbed to a large extent by US “banking union” institutions, particularly the Federal Deposit Insurance Corporation (FDIC) and the federal mortgage-refinancing agencies, Fannie Mae and Freddie Mac.
这反映了美国安排的另一个侧面，而这一侧面也不为人所熟知。美国“银行联盟”为地方金融冲击提供有形保险。比如，内华达州地方房地产业的枯荣循环与西班牙和爱尔兰一样猛烈。但是，在内华达州（和爱尔兰规模相当），地方银行体系的损失很大程度上被美国“银行联盟”机构吸收了，特别是联邦存款保险公司（FDIC）和联邦按揭再融资机构房利美和房贷美。