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In the previous thread, someone posted a video showing the process of the FDIC seizing the Heritage Community Bank in Chicago: https://www.youtube.com/watch?v=
by xeeeeeeeeeeenu 4y ago
In the previous thread, someone posted a video showing the process of the FDIC seizing the Heritage Community Bank in Chicago:
https://www.youtube.com/watch?v=KIh6NEBL8BU https://www.youtube.com/watch?v=KIh6NEBL8BU
It's pretty interesting.
- bmon 4y agoThank you for that link, it was really fascinating. The Australian government guarantees deposits in the same way, but I never realised this was also true in the US. I had assumed during the mortgage crisis that people lost their deposited money when their banks failed.