Another caveat: Money on prepaid cards isn't always insured by the Federal Deposit Insurance Corp.
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In a speech this past week, Sheila Bair, head of the Federal Deposit Insurance Corp.
No longer should European banks be regarded as "safe" beyond their deposit insurance limits.
The EU and ECB are insisting that the Cyprus authorities breach this deposit insurance provision.
The FDIC will also expand deposit insurance for non-interest-bearing transaction accounts used by many small businesses.
An example would be a bank program such as the U.S. Federal Deposit Insurance Corp.
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No more expeditious way exists to reach that destination than by reforming deposit insurance.
Another quasi-government security is a bank bond with a guarantee from the Federal Deposit Insurance Corp.
There were bankers who claimed the creation of federal deposit insurance would destroy the industry.
Our government provides deposit insurance and other safeguards and guarantees to firms that operate banks.
Maybe the Federal Deposit Insurance Corp. is an arm of the government, after all.
Under Dodd-Frank, these larger regional players would contribute larger assessments to the FDIC Deposit Insurance Fund.
Like, for example, the finding that banking systems without deposit insurance are subject to runs.
On the good side, it brought in bank-deposit insurance (a wise move, though not without problems).
The Federal Deposit Insurance Corporation held an unprecedented hearing into Wal-Mart's application to open a bank.
Another possible response to a bank run would be the introduction of euro-wide deposit insurance.
There was no agreement to euro-wide deposit insurance or to a common bank-resolution scheme.
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Ominously, the Federal Deposit Insurance is staffing up in anticipation of bank failures.
How many policy analysts today would phase out deposit insurance, the discount window, or the TBTF doctrine?
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The business is then taken over by the Federal Deposit Insurance Corporation, with its Orderly Liquidation Authority.
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The solution to this is deposit insurance but that solution comes with its own problem, moral hazard.
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Financial institutions fund the Federal Deposit Insurance Corporation, which serves as an insurance policy for bank depositors.
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Mr. Geithner succeeded in bailing out Citigroup and prevailed over Federal Deposit Insurance Corporation Chairman Sheila Bair.
The hitch in all this is that the Deposit Insurance Corporation itself is not rolling in money.
Also that day, Fed Chairman Ben Bernanke, Fed board member Sarah Bloom Raskin and Federal Deposit Insurance Corp.
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Runs which, arguably, would not have happened if there was some form of deposit insurance for wholesale depositors.
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And the problem with this is that it makes all future EU deposit insurance worth that much less.
This would have respected creditor hierarchy and, by not trampling on deposit insurance, honored the rule of law.
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The Federal Deposit Insurance Corporation is fast running out of money, thanks to more and more bank failures.
Rules empowering the Federal Deposit Insurance Corporation to take over failing American banks achieve much the same result.
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