EPISODE · Mar 24, 2023 · 31 MIN
Episode 58: All of us are contributing to the FDIC fund
from KP Talks Dollars and Sense
Did you know that every time you deposit money into your bank account, you're contributing to a special fund?The FDIC fund is a safety net that we all pay into, with a small fee taken out of our hard-earned cash.The fund has grown to a staggering $164 to $180 billion - a huge sum, but still not enough to handle the potential losses faced by banks.It's reassuring to know that our contributions to the FDIC fund can help keep our banking system afloat in times of crisis.The Fed has been shelling out about $190 billion dollars, and the Fed's balance sheet has skyrocketed to heights not seen in quite some time.Despite some banks being bailed out by nonbanks, the secondary market remains a cold, heartless, and unforgiving arena.#KPTalks #FDIC #FDICfund #Flagstar #SignatureBank #NewYorkCommunityBank #nonbanks #bailingoutnonbanks #FedsBalanceSheet #secondarymarket
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Did you know that every time you deposit money into your bank account, you're contributing to a special fund? The FDIC fund is a safety net that we all pay into, with a small fee taken out of our hard-earned cash. The fund has grown to a staggering $164 to $180 billion - a huge sum, but still not enough to handle the potential losses faced by banks. It's reassuring to know that our contributions to the FDIC fund can help keep our banking system afloat in times of crisis. The Fed has been ...
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Episode 58: All of us are contributing to the FDIC fund
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