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
- 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 a failed bank (name and define)? What did it choose to do with Hertitage Financial Bank?
- 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?
- What may have happened to the banking industry if there was no FDIC during the 2007-2010 financial crisis?
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