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 (FDIC) is a United States government corporation operating as an independent agency created by the Banking Act of 1933.uring the 1930s, the United States and the rest of the world experienced a severe economic contraction known as the Great Depression. In the U.S. during the height of the Great Depression, the official unemployment rate was 25% and the stock market had declined 75% since 1929.