Not Your Average Financial Podcast™

Episode 299: Why the FDIC is NOT Your Superhero

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In this episode, we ask:

  • What’s that up in the sky?
  • Can the FDIC keep your money safe?
  • Who relies on this great institution?
  • Who can rest easy?
  • Wait?!
  • Who is breaking a sweat?
  • What would happen in a sudden wave of bank failures or sudden financial crisis?
  • What about times of financial stress?
  • How might this pose a BIG risk?
  • What about exposure?
  • What about protecting depositor funds?
  • Is this superhero up to the challenge of the current economic climate?
  • What is the Federal Deposit Insurance Corporation (FDIC)?
  • What happened earlier this year?
  • Where did the money come from?
  • Who funds the FDIC?
  • What happens to the yield?
  • Who is the US Treasury?
  • How many banks are in a precarious position now?
  • Is there any end in sight?
  • What has happened as interest rates have risen?
  • What about fractional reserve banking?
  • What about a credit crunch?
  • What about regional banks?
  • How many funds will be protected?
  • Where are people moving money?
  • Where will the government get the money to guarantee deposits?
  • What if you only got 1% of your money back in the event of a collapse?
  • What about the bank lobby?
  • What is book value?
  • What is market value?
  • What is fractionalized methodology?
  • How are bank reserve regulations different from insurance reserve regulations?
  • How are insurance companies regulated?
  • What does NAIC say about reserves?
  • Why do insurance companies need much larger reserves?
  • Do insurance companies have an enormous edge over banks?
  • Would the government step in and cover your deposits?
  • Who decides?
  • Who is systemically important?
  • What about lending?
  • What did Mark Twain say?
  • Is it raining?
  • What can we do about this?
  • What is within our control?
  • Who is your superhero?
  • What happens with policy loans when banks are in crisis?
  • Who wants to become their own source of financing?
  • What are the takeaways?

    • ...more
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