Exploring FDIC and Bank Failures
Fintech Layer Cake
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The Importance of FDIC Insurance
The FDIC was created back in 1934 after all the failures that we saw during the Great Depression. It's an independent federal banking agency, right? Its primary focus is to ensure deposits. At the end of last year, I think the FDIC insured deposits of almost 10 trillion at just over 4,700 banks.
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