"Permitting federally insured banks to merge with commercial firms would steer our nation down a perilous economic course, " the groups said.
32.
In prison he heard that bank tellers in federally insured banks were instructed to hand out the money to robbers without incident.
33.
The authors propose a regulatory and legal framework that would allow the average worker to borrow insured bank loans as investment capital.
34.
"With millions of investors migrating from insured bank accounts, this industry can hardly afford even the appearance of conflicts " of interest.
35.
But understand that there are only about three pure Internet banks out of the 10, 800 FDIC-insured banks in the nation, Barr said.
36.
It is clearly forbidden by the Depression-era Glass-Steagall Act, designed to keep financial institutions from mingling federally insured bank deposits with Wall Street trading.
37.
The FDIC, which insures bank deposits against default, shouldn't have to stand by until risky investments actually cause real financial losses, the government said.
38.
Everybody who deposits $ 100, 000 or less at an FDIC-insured bank and savings association is insured for the full amount of their deposit.
39.
The Federal Deposit Insurance Corporation ( FDIC ), was established to hold and liquidate the assets of failed banks, and to insure bank deposits.
40.
Kennedy, D-Mass ., had singled out the provisions as unnecessary largesse to the guaranty agencies, which insure banks against losses on loans to students.
