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Who eats the cost of their salaries after FDIC took over and deferred bankruptcy? Will there be corporate assets left after all the debtors are paid back (cust
by rkagerer 4y ago
Who eats the cost of their salaries after FDIC took over and deferred bankruptcy?
Will there be corporate assets left after all the debtors are paid back (customers, vendors, etc), such that shareholders eat this? If not, does that mean FDIC carries the risk of having to pony up? Or will debtors take a haircut?
- jdsully 4y agoThe FDIC is funded by premiums paid for by the insured banks. It doesn’t rely on tax payer money.
- cft 4y agoOnce that is depleted, they are allowed to tap into Fed money
- brasic 4y agoI’m sure you are aware but just to spell it out: fed money is _also_ not taxpayer money, it’s self-funded.
- kQq9oHeAz6wLLS 4y agoWhere does the fed get the money?