What Investors Need to Know About the Collapse of Silicon Valley Bank with Cullen Roche
Excess Returns
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Is FDIC Insurance Really a Tax on Banks?
The FDIC insurance is like a tax on banks and taxes aren't really paid by corporations. So, you know, it's kind of screwy that the consumers are paying into this. The taxpayer is paying into the FDIC insurance fund. And then whenever a bank fails, that money is charged against whatever the balance on the the the insurance fund actually is at that time. If the deposit fund doesn't have enough funding in it, the taxpayer end up paying for it anyways.
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