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What is the purpose of FDIC insurance and do you think it is effective in reducing the fears of depositors?
The FDIC collects premiums from member banks to fund an account, the Deposit Insurance Fund (DIF), which covers depositors for any losses resulting from bank failure. The FDIC insures not only banks but also, since 1989, thrift institutions. [ Yes it is effective because the insurance will help you just in case. ]
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User: What is the purpose of FDIC insurance and do you think it is effective in reducing the fears of depositors?

Weegy: The FDIC collects premiums from member banks to fund an account, the Deposit Insurance Fund (DIF), which covers depositors for any losses resulting from bank failure. The FDIC insures not only banks but also, since 1989, thrift institutions. [ Yes it is effective because the insurance will help you just in case. ]
Expert answered|xtina_008|Points 10|

User: How can FDIC insurance help me out?

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Asked 9/13/2011 8:48:00 AM
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Interpret the legal factors involved in corporate management and ownership. As company ombudsman, your task is to investigate complaints of wrongdoing on the part of corporate directors and officers, decide whether there is a violation of the law, and deal with the wrongdoers accordingly. Jane, a shareholder of Goodly Corporation, alleges that its directors decided to invest heavily in the firm's growth in negligent reliance on its officers' faulty financial reports. This caused Goodly to ...
Weegy: The directors of the company in any event if found negligent in taking a decision that would result a negative consequences to the company will held them liable.But if in any case as to the investors part to loan or not to take a loan will remain a [ self taking action. ] (More)
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What are the burdens of the public debt with the Tea Party Budget?
Weegy: The real problem with extreme government debt would be the interest burden it would create. If interest payments reached 12 percent of GDP, that could cause a government default. The US is far from reaching that point. [ However, it was using the debt ceiling to extort political concessions that made a routine financial process look like the crisis it became. Cantor kept his name in the press then by walking out of negotiations with Vice President Biden. In his Washington Post opinion, Cantor writes, “Republicans passed a budget this spring, written by Rep. Paul Ryan, that would address our challenges head-on by putting in place common-sense reforms to manage our debt over the short and long term.” That is not what the nonpartisan Congressional Budget Office's analysis says. The CBO found “that by the end of the 10-year budget window, public debt will actually be higher than it would be if the GOP just did nothing.” In addition to requiring additional raises in the debt ceiling, the CBO also acknowledged, “that seniors, disabled and elderly people would be hit with much higher out-of-pocket health care costs.” ] (More)
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Asked 9/9/2011 3:06:46 PM
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What are the burdens of the public debt with the Tea Party Budget?
Weegy: Government debt (also known as public debt, national debt, sovereign debt)[1][2] is money (or credit) owed by a central government. In the US, "government debt" may also refer to the debt of a municipal or local government. [ By contrast, annual government deficit refers to the difference between government receipts and spending in a single year, that is, the increase of debt over a particular year. As the government draws its income from much of the population, government debt is an indirect debt of the taxpayers. Government debt can be categorized as internal debt (owed to lenders within the country) and external debt (owed to foreign lenders). Governments usually borrow by issuing securities, government bonds and bills. Less creditworthy countries sometimes borrow directly from supranational institutions. A broader definition of government debt considers all government liabilities, including future pension payments and payments for goods and services the government has contracted but not yet paid. Another common division of government debt is by duration until repayment is due. Short term debt is generally considered to be for one year or less, long term is for more than ten years. Medium term debt falls between these two boundaries. ] (More)
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Asked 9/9/2011 3:07:37 PM
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Many people advocate taxing "the rich" to alleviate the debt problem but the truth is that taxes will have to be increased on all income earners. What macroeconomic impacts would you expect to see if taxes are raised "across the board"?
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Asked 9/9/2011 3:33:15 PM
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