fdiclogo.JPGNew Deal Information

FDIC – Federal Deposit Insurance Corporation

Overview- In 1933, the FDIC was created in the response to the thousands of bank failures that occurred in the 1920’s through the early 1930’s. The FDIC was created by congress. Ever since the FDIC started, no depositor has ever lost a single cent.

Purpose-
The main purpose of the FDIC is to protect the money you have deposited.

Who it helped?- It helps the people so that the bank cannot give away all of there money.

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Link- http://www.fdic.gov/about/history/index.html
http://www.fdic.gov/about/learn/symbol/index.html
http://www.mortgagenewsdaily.com/wiki/FDIC_Purpose.asp
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Contributed by: "CB"