This legislation is good for depositors, the financial services industry, and the safety and soundness of the deposit insurance system.
This legislation is good for depositors, the financial services industry, and the safety and soundness of the deposit insurance system.
What precipitated the SL crisis (is that) depositors had the right to go into the SL and demand their deposits back today. The (agency's) deficit would be paid out decades into the future. A retiree can't go to the (agency) and say, 'Give me my money today in a lump sum,'
Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement.
This is not on the radar screen of the banking industry right now. They're not interested in small depositors.
Historically, over the past 10 to 12 years, depositors with excess of 100,000 received 72 cents on the dollar.
© 2020 Inspirational Stories
© 2020 Inspirational Stories