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Celerity

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37. the FDIC only covers up to $250,000 per depositor, per ownership category

Fri Mar 6, 2026, 07:53 PM

Mar 6

https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by: insuring deposits; examining and supervising financial institutions for safety and soundness and consumer protection; making large and complex financial institutions resolvable; and managing the resolution of failed banks.

The FDIC was established under the Banking Act of 1933 in response to numerous bank failures during the Great Depression. The FDIC began insuring banks on January 1, 1934. Today, the basic insurance coverage amount for deposit accounts is $250,000.

The FDIC does not operate on funds appropriated by Congress. Its income is derived from insurance premiums on deposits held by insured banks and savings associations and from interest on the required investment of the premiums in U.S. Government securities. It also has authority to borrow from the Treasury up to $100 billion for insurance purposes.

Management of the FDIC consists of a five-member Board of Directors. The members include a Chairman, Vice Chairman, Appointive Director, the Comptroller of the Currency, and the Director of the Bureau of Consumer Financial Protection. No more than three members of the Board can be from the same political party.

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raging moderate usedtobedemgurl

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BlackRock, the world's largest asset manager, just BLOCKED withdrawals. [View all] riversedge Mar 6 OP

Is this the modern equivalent sarisataka Mar 6 #1

Yes it is. Trump has until Monday to figure this out. Buckeyeblue Mar 6 #4

Yesterday I that Trumpy was headed to the golf course this weekend--Dorel I think. riversedge Mar 6 #6

How is this different from every weekend in his miserable life? AZ8theist Mar 6 #31

and the grreat depression 1.0 AllaN01Bear Mar 6 #10

He'll have to call Obama. Joinfortmill Mar 6 #44

Well I feel terrible now D_Master81 Mar 6 #45

And there is no way he's going to figure this out. He couldn't figure his way out of a paper bag. Scrivener7 Mar 6 #50

It might be slightly misleading Renew Deal Mar 6 #8

Not exactly misleading if you consider they bumped against that limit hard. Ilikepurple Mar 6 #53

I agree overall Renew Deal Mar 7 #56

Yes, I agree that that part was misleading as it was an existing restriction built in the terms Ilikepurple Mar 7 #72

No... Happy Hoosier Mar 7 #62

Bigger risks. SergeStorms Mar 7 #68

Not quite Lucky Luciano Mar 7 #73

This is bad. n/t LuckyCharms Mar 6 #2

We should expect more of this. liberalla Mar 6 #3

Another link UpInArms Mar 6 #5

Blue Owl was also (until recently) neck-deep in AI lending . . . hatrack Mar 6 #29

Thank you, this seems like a clearer version of what's happening. enough Mar 6 #30

So the news isn't all bad. SergeStorms Mar 6 #39

That's going to set off a bank run Renew Deal Mar 6 #7

BlackRock is not a bank Celerity Mar 6 #15

I know Renew Deal Mar 6 #17

all good, I enjoy your posts RD Celerity Mar 6 #21

No problem Renew Deal Mar 7 #58

indeed they do, and rightfully so Celerity Mar 7 #59

True lonely bird Mar 7 #65

Great link - thanks. TheRickles Mar 6 #25

yw! Celerity Mar 6 #26

OMG. It sounds like a place that makes risky investments... ananda Mar 6 #33

There is always risk Renew Deal Mar 7 #57

I believe that the risky investment market was what Dr. T Mar 7 #63

I have a brain injury, so I am not that smart any more. usedtobedemgurl Mar 6 #9

Here is some related info: Regulation D and savings account withdrawal limits - here's what changed Celerity Mar 6 #14

Banks with FDIC and credit unions with NCUA coverage are protected Bluejeans Mar 6 #16

Thank you. usedtobedemgurl Mar 6 #19

the FDIC only covers up to $250,000 per depositor, per ownership category Celerity Mar 6 #37

And we should not forget that Trump has considered getting rid of the FDIC markodochartaigh Mar 7 #55

And you think the FDIC? k55f5r Mar 7 #69

No, it should not affect your withdrawals from your bank. Blackrock is a private equity fund, not a bank. SunSeeker Mar 6 #18

Thank you so much for the information. usedtobedemgurl Mar 6 #20

If it topples crypto...... SergeStorms Mar 6 #41

This message was self-deleted by its author dixiegrrrrl Mar 6 #24

Have tbi too - it's sooo frustrating. During doge I took half my savings out and now I can't remember where tazcat Mar 6 #42

Oh my gosh! usedtobedemgurl Mar 6 #54

I don't think it will be an issue Bob_in_VA Mar 7 #66

Golden parachutes for the c-suite, markodochartaigh Mar 6 #11

I saw a video by Mark Thompson and David Cay Johnston markodochartaigh Mar 6 #12

This video is important worth watching Renew Deal Mar 7 #67

Has anyone informed the top law enforcement official Attorney General Pam Bondi on this development? Uncle Joe Mar 6 #13

Pam immediately sent a criminal referral to the director of the FBI. rubbersole Mar 6 #34

Kash is much too busy...... SergeStorms Mar 6 #43

I informed her and this was her response BaronChocula Mar 6 #40

You Forgot The Part... ProfessorGAC Mar 6 #46

Her ignorance makes her a shoo-in for this regime BaronChocula Mar 6 #47

I feel like this was getting downplayed 617Blue Mar 6 #22

Cockroaches flamingdem Mar 6 #23

FFFfffffffuuuuuuuuuuuuckk. Maru Kitteh Mar 6 #27

So more like bear stearns angrychair Mar 6 #28

Look at how much trump is spending... slightlv Mar 6 #32

wasteful lrucks1952 Mar 7 #64

This is going to be one of those questions that will have to be answered slightlv Mar 7 #74

Good!!! OC375 Mar 6 #35

From MSN LiberalArkie Mar 6 #36

Part of what this shows is that the decisionmakers in the company make so much that they have $400 million to throw back Scrivener7 Mar 6 #51

oh, they got the money but they sure as hell don't want to be playing with their own money. uncle ray Mar 7 #60

I agree that is the question. There is information they are privy to but you and I are not. And I have seen the argument Scrivener7 Mar 7 #61

Why private credit is creating major concerns among economists SamuelTheThird Mar 6 #38

If their clients can't liquidate, then they can't take advantage of the firesales that are going to occur. Buddyzbuddy Mar 6 #48

Is the "K-shaped economy" going lame? BaronChocula Mar 6 #49

Private Credit OC375 Mar 6 #52

Doesn't sound 'free market' Quanto Magnus Mar 7 #70

It's all Bidens fault! Be The Light Mar 7 #71

Kick ck4829 Friday #75