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goodmorningamerica.com
What to know about FDIC insurance and how your money is protected
The FDIC is an independent government agency that was created by the Banking Act of 1933 during the Great Depression.
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Sheila Bair, the former chair of the FDIC, explained the lessons that will be learned from the collapses of the Silicon Valley Bank and Signature Bank. Bair said she doesn't see a systemic issue, explaining that the FDIC has a perfect record of protecting insured depositors. #SVB #SignatureBank #FDIC | NewsNation
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