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InteractionNOVA2021 t1_jchciwq wrote

Reply to comment by Jeremycycles in First Republic in talks with major banks about a rescue plan by Powerpuff_Rangers

The Deposit Insurance Fund is backed by the U.S. Treasury. The FDIC was bailed out in the 1980's and again after the 2008 Banking Crisis. So, insured depositors are still protected.

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Jeremycycles t1_jchdcee wrote

False, the FDIC is not backed by the treasury but they do invest in treasury securities. The FDIC is completely funded by member banks.

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