
What Really Brought Down Silicon Valley Bank and What Happens Next
The Investopedia Express with Caleb Silver
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FDIC - The Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation ensures deposits of up to $250,000 per depositor as long as the institution is a member firm. The FDIC was created in 1933 to maintain public confidence and to encourage stability in the financial system through the promotion of sound banking practices. We're going to let Milton Friedman take us out this week with an economics lesson on bank runs that followed the Great Depression.
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