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.
The Federal Deposit Insurance Corporation is a United States government corporation providing deposit insurance to depositors in US banks. The FDIC was created by the 1933 Banking Act during the Great Depression to restore trust in the American banking system; more than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US $2,500 per ownership category. Since the passage of the DoddâFrank Wall Street Reform and ...