Jump to content


Can someone explain the FDIC's role

Recommended Posts

in shutting down banks? I don't understand...


When a business shuts down they are shutting themselves down. But the FDIC shuts down banks at will it seems.


I need this as simple as possible :D I am by no means an economist!


Did you bank at the one that was closed down here in WNC this weekend? That would be scary. Did you know they are also closing down one in Greenville, SC this weekend?


This American Life did a story on how the FDIC closes and reopens a bank over a weekend that was really interesting. It's Act Two of this episode.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...