Question: How is the FDIC funded? Where do they get their money to pay off depositors, if necessary? What are the FDIC's 2 options in resolving

  1. How is the FDIC funded? Where do they get their money to pay off depositors, if necessary?
  2. What are the FDIC's 2 options in resolving a failed bank (name and define)? What did it choose to do with Hertitage Financial Bank?
  3. What happened to owners' (shareholders') equity (investment) in Heritiage Financial? How does that contrast to what happened to the investments in the large bailed-out banks in 2008-2010?
  4. What may have happened to the banking industry if there was no FDIC during the 2007-2010 financial crisis?

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