Federal Deposit Insurance Corporation Videos at WCBS 880 Video Archive at wcbs880.com

10 Oct 2008

Bush Tries Again To Calm Financial Fears

In a Rose Garden speech, President George W. Bush said the federal government's financial rescue plan is aggressive, but will take time to work.

"… some Americans are concerned about whether their money is safe. So the Federal Deposit Insurance Corporation and the National Credit Union Administration. Have significantly expanded the amount of money insured savings accounts and checking accounts and certificates of …" at 2:31

1 Spoken Highlight

7:46

8 Oct 2008

Paulson: Patience Needed

Treasury Secretary Henry Paulson says patience is needed as the federal government tries to help stabilize a teetering economy.

"… The treasury the Federal Reserve in the FDIC. We use all their authorities to promote the process of repair and recovery. And to contain -- to the financial system that …" at 0:00

1 Spoken Highlight

1:06

1 Oct 2008

Senate Passes Sweetened $700B Bailout

The Senate passes a $700 billion bailout for the financial industry aimed at preventing the economy from plunging into a recession.

"… would still buy troubled assets from banks but this version would increase FDIC insurance cap from 100000 dollars per count to 250000. And it would extend several expiring tax breaks for businesses. President Bush spent …" at 0:35

"… the cost of the 700 billion dollar bank bailout which a former FDIC chairman says the government probably won't ever fully recover. …" at 1:08

2 Spoken Highlights

1:29

1 Oct 2008

Senate Set To Pass Bailout Plan

The U.S. Senate is expected to give easy passage to a slightly revised $700 billion financial rescue plan.

"… vote. Those aren't support of the Senate plan which includes raising the FDIC insurance cap from 100000 to 250000. Dollars. But some house numbers and warned that problems may persist even with senate approval of …" at 0:52

"… GM through the same bill only with a change and -- FDIC limit if they do that without a real pay for. I think they're still going to be tremendous problems on the house. …" at 1:09

2 Spoken Highlights

1:24

30 Sep 2008

McCain Proposes New Bailout Angle

Republican presidential candidate John McCain says the government should more than double the federal deposit insurance limit "so families don't have to worry about their money."

"… crisis gripping our economy. I urged them to do so. Also the FDIC should quickly be granted the authority to increase it deposit insurance cap. From 350000. Dollars. So that families don't have to worry …" at 3:01

1 Spoken Highlight

4:03

19 Sep 2008

Bush: Time To 'Come Together' On Economy

President George W. Bush says federal intervention in financial markets "is essential" to halt the worst financial crisis in decades.

"… federal government continues to enforce laws and regulations protecting your money. The FDIC every savings account. Checking account and certificate of deposit is insured by the federal government for up to a 100000 dollars. The FDIC has been in existence for 75 years. And no one has ever lost a penny uninsured deposits and this will not change. …" at 2:51

1 Spoken Highlight

5:14

22 Jul 2008

Safe Places To Save Amid Bad Economy?

Financial experts offer advice on where to save money during an economy crunch -- no, it's not your mattress.

"… but they're not. You money can be safe in banks because the Federal Deposit Insurance Corporation or FDIC. The FDIC guarantees money up to 100000 dollars in individual bank account 250000. In an IRA. Once -- the count is a money market …" at 0:10

"… way to save US treasury securities. They are not insured by the FDIC but are considered low risk and backed by the United States government's bond can be sold before amateurs but there's the chance …" at 1:03

2 Spoken Highlights

1:25

15 Jul 2008

Bank Fallout Has Customers Worried

After the collapse of the IndyMac bank, many bank customers are wondering just how safe their deposits are.

"… The FDIC says only a small percentage of the ninety banks currently considered at risk will actually fail at the end of the day there will be some bank failures that very few. And with fifty billion dollars in it's insurance fund. FDIC's chief operating officer John -- says that's more than enough to cover whatever might come. …" at 1:03

"… has more money on deposit in the bank and is covered by FDIC insurance. Having that money deposited in not being fully protect is like driving around town without your seatbelt on. …" at 0:14

"… in the vault in the back. He causes a liquidity crisis the FDIC took over Indian act in part to make sure the troubled mortgage lender would not take steps that could trigger even greater …" at 0:40

4 Spoken Highlights

1:26

14 Jul 2008

Some Indymac Depositors Still Jittery

Indymac bank depositors with more than $100,000 in assets are wondering what's going to happen next.

"… wanting to know what's happened -- my money. -- about -- The FDIC's response. If you have less than 100000. Dollars in a single account. It is clean shirt you can get your hands on all of that for bigger depositors. It's complicated. Server is concerned. You tomorrow it's at and -- graves says he's one of the about 10000 customers. Who had more money in his accounts that the FDIC answers. …" at 0:11

"… exceeded 100000. And it will be made available to them immediately the FDIC hopes to make more payments and it sells assets. But there are no guarantees. -- is angry. …" at 0:50

2 Spoken Highlights

3:07

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