4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP539: The Banking Crisis Explained w/ Shawn O'Malley

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of FDIC Insurance

The FDIC maximum has only been raised seven times in its 90 year existence. Before the creation of FDIC insurance, banks failed a lot. The reason now that bank deposits are flowing to the big banks is because of the precedent we set back in 2008.

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