The FDIC is tasked with protecting the nation's deposits. It does so by accumulating money in the so-called Deposit Insurance Fund. But as Fool contributor John Maxfield discusses in the video below, there's reason to believe that this resource wouldn't be enough to protect the deposits at even one of the nation's biggest banks if the FDIC were called upon to do so.
I write about banks, trying my best to balance the good and the bad.
- May 3, 2013 at 4:42PM