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NitPick: The Deposit Insurance Fund invests in Treasury securities, so technically there is a little taxpayer money from interest payments. But the contributi
by emkemp 4y ago
NitPick: The Deposit Insurance Fund invests in Treasury securities, so technically there is a little taxpayer money from interest payments.
But the contributions to the Fund are all from member banks, not from the Federal budget.
https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation#:~:text=The%20FDIC%20receives%20no%20funding,the%20depositors%20of%20failed%20banks https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corp....