Summary
I wonder how different our banking system would be if depositors did not have the Federal Deposit Insurance Corporation (FDIC) to insure their deposits.
The FDIC was created in 1933, in response to the thousands of bank failures that occurred in the 1920s and early 1930s. The FDIC is proud to say no depositor has lost a single cent of insured funds as a result of a bank failure.See the full content of this document
Extract
Money Talks: Fdic Insurance - Is Your Bank Safe?
For now, we must assume the FDIC is closely watching over $3 trillion of deposits they insure and we must assume the FDIC will remain a solvent insurer if banks fail in the future. That being said, now is a go...
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