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The Facts About Bank Failure


Guest Sal
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"The FDIC's deposit insurance fund consists of premiums already paid by insured banks and interest earnings on its investment portfolio of US Treasury securities. No federal or state tax revenues are to be involved." FDIC

 

So what happens when all the biggest banks insightfully get out first, and milk the FDIC dry, before the little banks have a chance? The same question seems to be relivant regarding the biggest insurance and investment firms. I think these "big guys" will get their "Golden Parachutes", but the failure of the "little guys" has me concerned about the safety of my Life Insurance policy. I can't help but think about who will end up paying, and where is all this money going to come from.

 

FDIC has the following to say about their part

http://www.fdic.gov/consumers/banking/facts/facts.pdf

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