dhbailey wrote:
Can anybody produce corporate statements (especially from publicly traded companies) where the corporation tries to reassure the customer what will happen when/if the corporation goes out of business? Don't raise the issue of banks and the FDIC, because they're required by law to make those statements about being insured.
It's more than that; any bank chartered since the FDIC was created is required by law to be insured by the FDIC. I remember reading 30 years ago, of 13 banks (at least 13 is the number I remember) in the U.S., that are still in existence since before the creation of the FDIC, which are not members, and a not required to be, since their charters predate the FDIC's creation.
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