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.
More than 4,900 U.S. banks are regulated by the Federal Deposit Insurance Corporation. The FDIC grants $250,000 worth of insurance to holders of savings and checking account in the event of a bank failure. During the 2008 economic crisis, the FDIC took over 25 banks in the United States.