FDIC: Breaking the Piggy Bank
The FDIC, the body that insures the money we put into our bank accounts, is currently supporting 416 failed and “problem” banks. Is all that strain on our nation’s banking backbone a cause for alarm? We speak to Louise Story, Wall Street and finance reporter for The New York Times, to ask her if we should start stuffing money under our mattresses.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. If you’ve been thinking about making a donation, this is the best time to do it. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. All donations between now and June 30 will be matched 2:1. Will you help keep our newsroom on strong footing by giving to The World?