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How Does The Deposit Insurance (FDIC) Work?

Question by cowgirl415 | Posted in Insurance

Yeah I be familiar with it prevents bank runs.
But what happens when a bank goes bankrupt?
What are the require steps FDIC takes?
Does it rely on databases?

Answer: It liquidates the Pty's assets and pays people back. If there's not enough money to pay everyone back then those people who are not over the limit are made whole.
 
 

FDIC Deposit Insurance Question?

Question by fatg | Posted in Insurance

I am a U.S. town-dweller living in North East of U.S. Just about ALL banks in my area claim to be FDIC insured up to $100,000 including Bank of America, Wachovia, ING rule, HSBC direct and etc......

My question is does being FDIC insured up to $100,000 mean per account or per particular?

In other words, if I have deposit of $50,000 at three different banks, does it mean that I am over the FDIC insurance since my total at three divers banks add up to $150,000 which

Answer: $50,000 at each bank is excellent. you are insured $150,000

You can do up to $100,000 at each bank. It is per account.

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When Will The FDIC: Federal Deposit Insurance Corporation $100,000 Limit On Non-retirement Accounts Increase?

Question by . -212 | Posted in Investing

When will the FDIC: Federal Deposit Insurance Corporation $100,000 limit on non-retirement accounts be increased?
Through you

Answer: The Congress is all in all legislation to increase federal insurance of deposits in banks, savings and loan associations, and ascription unions. Currently, the first $100,000 in an account is covered. Legislation recently passed by the House would vitalize that limit to $130,000 for most accounts, to $260,000 for retirement accounts. This was initiated in May of 2002 as Outfit Resolution bill HR3717.
http://www.cbo.gov/ftpdoc.cfm?index=3441 &type=0&sequence=0

Opponents

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Is Their Are Relationship Between The Rothschilds Family And U.S Federal Deposit Insurance Corporation (FDIC)?

Question by Mat | Posted in Insurance

I scan about the Rothschilds banking dynasty, and they are european elite bankers since the 1800's, is their are a relationship between them and FDIC?

Answer: Fits nicely into someones reason of a worldwide conspiracy but the fact remains there is no evidence to suggest a "relationship".

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What's Wrong With The FDIC (Federal Insurance Deposit Corporation)?

Question by Ephraim | Posted in Other - Politics & Government

I am debating this segment of the new deal and attempting to attack this program. I really do not see anything wrong except banks encouraged to take more hazard.

Answer: Well-thought-of luck with that. Under current director Sheila Blair it's been an innovative and important prop of banking safety. It was a large part of why the banking collapse wasn't worse and the smaller banks came through it experienced. She should have Bernake's job in my opinion. Maybe she'll get the open seat on the Fed board of governors and get groomed as his replacement. (I also conceive of Elizabeth Warren, chief TARP watchdog, should have Geitner's job and she's widely expected to be

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FDIC Acting Chairman Gruenberg to the Deposit Insurance and Credit Guarantee Corp of India

Remarks by FDIC Acting Chairman Martin J. Gruenberg to the Deposit Insurance and Upon Guarantee Corporation of India; Jodhpur, India, November ...

FDIC deposit insurance primer | OregonLive.com

by Brent Hunsberger, The Oregonian

Well-grounded cognizant of that if you better $250,000 across any types of discrete account, you're great your insurance. ) owned by the same living soul at the same bank and insures the unconditional up to $250,000.

Source: FDIC deposit insurance primer | OregonLive.com

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