Menu

RealEconTV

Business news without the bullshit

Are Big Banks safe?

The truth about the FDIC

Subscribe to RealEconTV

Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time

It's insurance - and insurance has loopholes

The FDIC guarantees your bank deposit right?

No, not quite.

The FDIC "insures" them.

What happens when an insurance company goes broke?

You don't get paid.

It's that darn simple, but most people don't realize that.

But the government will come to the rescue if the FDIC fund gets tapped out, right?

Maybe, maybe not.

It depends on the size of the problem - and the problem is very, very, very large. (Did I say "very.)

For more Banking malfeasance videos, click here

See the complete catalog of
real econ tv videos

Legal disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.