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1:00
YouTube
Patrick E. Wynne
FDIC explained...(in less than a minute)
The FDIC, or Federal Deposit Insurance Corporation, was created in 1933 to ensure that people's money in US banks is safe and to prevent bank closures from rattling the US economy. For every $100 deposited, banks must put a few cents into the FDIC's Deposit Insurance Fund, which is used to reimburse depositors if their bank fails, up to a ...
2.1K views
Mar 21, 2023
Federal Deposit Insurance Corporation FDIC Explained
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1.3K views | Sheila Bair, Former Federal Deposit Insurance Corporation (FDIC) Chair says crypto could ‘go away tomorrow and we’re not going to feel any impact on the real economy.’ | Yahoo Finance | Facebook
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6.1K views · 23 reactions | "Our regulatory framework in the past decade has gone too far into... playing it so safe that the banks have been sitting on a lot of capital that they have not released into the economy." Federal Deposit Insurance Corporation Chairman Jelena McWilliams told FOX Business that the agency's goal is to make sure banks are "safe and sound" while enabling growth. | Fox Business | Facebook
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