President Biden says taxpayers aren't paying for failed bank losses because the money comes from the fees banks pay into the deposit insurance.
FDIC has only about half the cash needed to cover roughly $264B in deposits at failed banks
FDIC has only about half the cash needed to…
FDIC has only about half the cash needed to cover roughly $264B in deposits at failed banks
President Biden says taxpayers aren't paying for failed bank losses because the money comes from the fees banks pay into the deposit insurance.