The FDIC's Decision to Protect Depositors

Congressman Rokana: I'm glad the administration made the decision to protect all of the depositors. If they hadn't done that, you would have had everyone rushing their money in four banks - JP Morgan Chase, Wells Fargo and Bank of America. Congressman Rokana represents California's 17th District. He is working with the Republican on a bill to have a mandatory fee on those accounts and mandatory insurance.