Tag Archives: FDIC

Government insurance for banks but not humans

As I was listening to the NPR this morning, they mentioned that the FDIC (Federal Deposit Insurance Corporation) was basically broke from having to clean up after so many bank failures around the country. The FDIC is a government run insurance company that banks pay fees to each year to insure their customers accounts for […]

The real estate industry can rejoice

Great news for the depressed real estate market, there is a big new player shopping around: The Federal Deposit Insurance Corp. plans soon to sign a major lease of office space in Orange County, probably in Irvine, where as many as 600 people would liquidate the assets of troubled banks and thrifts based in California […]