Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

ToxMarz

(2,286 posts)

6. I believe the FDIC protection still applies

Reply to annabanana (Reply #1)

Wed Dec 30, 2015, 11:28 AM

Dec 2015

But it is only to the extent the FDIC can pay. The FDIC fund is in the billions, the banks potential losses are in the trillions. Had the banks been allowed to fail in the last crash, FDIC likely could not have covered the losses.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

13 replies

= new reply since forum marked as read

Highlight:

The Bank Bail-In Swindle Begins [View all] marmar Dec 2015 OP

Doesn't the FDIC keep this from happening here? At least up to annabanana Dec 2015 #1

Would that apply if they converted it to stock? SusanCalvin Dec 2015 #2

I believe the FDIC protection still applies ToxMarz Dec 2015 #6

The FDIC depends on banks to pay premiums into the FDIC, which they have not been doing. dixiegrrrrl Dec 2015 #7

It's been a long time since Punx Dec 2015 #8

Would that be the Dodd-Frank bill that Hillary feels is adequate to protect ... Scuba Dec 2015 #3

Americans are silly tazkcmo Dec 2015 #4

I have to agree with you on that Victor_c3 Dec 2015 #11

Why don't we just say the truth. Baitball Blogger Dec 2015 #5

Well said! mountain grammy Dec 2015 #9

+1000 JDPriestly Dec 2015 #13

Wouldn't your money be safer in a credit union then? Victor_c3 Dec 2015 #10

They should "cut it out" Doctor_J Dec 2015 #12