Barack Obama s presidential campaign shattered all records by raising $760 million in the last election cycle. That record is not likely to last much longer Obama is expected to raise more than $1 billion for his re-election campaign. And overall spending by all... election,cost,price,tag,8,billion.
BREAKING DOWN 'Federal Deposit Insurance Corporation - FDIC' The main purpose of the Federal Deposit Insurance Corporation (FDIC) is to prevent the kind of run on the bank scenarios that devastated many banks during the Great Depression. Before FDIC, there was no guarantee beyond the bank's own stability.
Updated July 28, 2016. The Federal Deposit Insurance Corporation (FDIC) was set up as a response to the number of bank failures during the Great Depression in the 1930s. It is an agency that is backed by the government and insures the money that you have deposited in your bank in the event that the bank fails.