Created
in 1933 under the Glass-Steagall Act, the Federal
Deposit Insurance Corporation provides deposit insurance
for its bank members. It also examines and supervises
certain financial institutions for safety and soundness,
performs certain consumer-protection functions, and
manages banks in receiverships. Since the start of the
FDIC, not one depositor has lost a single cent due to
bank failure.
Learn the advantages, disadvantages, risks, questions to ask before investing, and much more...
For the rest of the article and full site access, please subscribe now.