What happens to FDIC covered deposits in bank failure

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  • Thu, Dec 18, 2014 - 02:40am



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    What happens to FDIC covered deposits in bank failure

There is much attention being paid to the changes to Dodd Frank since Congress passed the 2015 budget.  Dodd Frank provisions have been changed making depositors more at risk should bank(s) fail.  Little attention has been given to what has already happened since the repeal of Glass-Steagall act.  I wish to share a time line in the following website that illustrates that even without the budget change, depositors are under the false illusion that their deposits will be covered under the $250,000 FDIC provision.  I hope readers find this site instructive, and it leads to further exploration.




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