Hosted on MSN2mon
‘One of the dumbest ideas’: Abolishing the FDIC could backfire on Trump and his allies
The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks. Today, during a time of ...
Hosted on MSN3mon
Deposit insurance: How to insure more of your hard-earn money
Created in 1933 in response to the banking crisis of The Great Depression, the Federal Deposit Insurance Corporation (FDIC) insures deposits held in most U.S. banks. In the institution’s history ...
Forbes1y
Put the Fed, FDIC, and OCC Back In Their Proper Places
The Federal Deposit Insurance Corporation (‘FDIC’), by contrast, was meant to regulate, and this still shows as well. It’s accordingly a source of frequent failure that we have, since 1999 ...
TheStreet.com2y
What Was the Great Depression? Definition, Causes & Lessons Learned
Known as the Great ... created the Federal Reserve’s Federal Open Market Committee (FOMC), and the Glass-Steagall Act of 1933, which founded the Federal Deposit Insurance Corporation.