FDIC SUES BIG BANKS FOR MASSIVE SECURITIES FRAUD. The FDIC (that’s the Federal Deposit Insurance Corporation) just filed suit against the big banks alleging in very specific terms A MASSIVE SCHEME TO LIE, CHEAT, STEAL AND DEFRAUD. You’d think this kind of thing might warrant a story or two in the national press … but then again, they’ve got far more important things to report on. Well, don’t count on The Press to actually report on anything meaningful anymore.
Resolving Too-Big-to-Fail Banks in the United States – Mercatus – In this getAbstract summary, you will learn: How the Federal Deposit Insurance Corporation (FDIC) has increased public confidence in the safety of bank deposits without eliminating the potential for bank failures; How banking crises have tested the FDIC’s ability to handle “too-big-to-fail” banks; How the FDIC’s authority to resolve large bank failures has changed.
FDIC, the Federal Deposit Insurance Corporation, guarantees and insures deposits up to $250K. After the depression, many people were scared to put their life savings in bank accounts, so this was a part of the New Deal, created by FDR.
Federal Deposit Insurance Corporation (FDIC) Circulars
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