Pros and Cons of Federal Deposit Insurance Corporation

Essay specific features

 

Issue:

Business

 

Written by:

Mack C

 

Date added:

July 11, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 746

 

Was viewed:

8656 times

 

Rating of current essay:

 
Essay content:

House Banking and Currency Committee submitted a bill that would insure deposits 100 percent to $1,000,000, and after that on a sliding scale; it would be financed by a small assessment on the banks. However the U.S. Senate Banking Committee reported a bill that excluded banks that were not members of the Federal Reserve System...
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However the U.S. Senate Banking Committee reported a bill that excluded banks that were not members of the Federal Reserve System. Senator Vandenberg rejected both bills because neither contained a ceiling on the guarantees. He proposed an amendment covering all banks beginning using a temporary fund and a $2,500 ceiling...
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