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Regulations didn't change. The fund they tapped to protect all depositors exists since the financial crisis of 2008. To avoid another global meltdown.
by daenney 4y ago
Regulations didn't change. The fund they tapped to protect all depositors exists since the financial crisis of 2008. To avoid another global meltdown.
- h2odragon 4y agoI've read that what changed was the definition of "systemically important" which allowed access to that fund. I put quotes around "changed" for that reason. However; if FDIC insurance is not now effectively unlimited, if the next bank that folds get the old limits imposed, then there's going to be some real shouting. And this method of raising those limits sucks and will almost certainly see court.