A FDIC Question. - Lindaland

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A FDIC Question.

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Topic: A FDIC Question.

juniperb
Moderator

Posts: 1361
From: Blue Star Kachina
Registered: Apr 2009

posted March 29, 2011 05:17 PM

I`m trying to figure out if the stock market crashed, would/could the FDIC back their insurance.

Or is this only in the case a specific bank fails?

In the case of a stock market crash ( gov is broke) , how would the FDIC be backed since they don`t back stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investments are purchased at an insured bank.

thanks.

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