Quote by Nick Clooney

What the F.D.I.C. does is to put the full faith and credit of the United States government behind every savings account in the nation, up to a limit that has changed over the years and stands now at $100,000.

What the F.D.I.C. does is to put the full faith and credit o

Summary

This quote explains the role of the Federal Deposit Insurance Corporation (FDIC) in providing financial security to savings account holders in the United States. The FDIC guarantees the safety of deposits by backing them with the full support and credit of the US government. If a bank fails, the FDIC ensures that account holders receive their insured funds up to a specified limit, currently set at $100,000. This system increases confidence in the banking system and provides reassurance to individuals that their savings are protected.

Topics

By Nick Clooney

Liked the quote? Share it with your friends.

Random Quotations

The earth is the Lord's fullness thereof: this is no longer

The earth is the Lord's fullness thereof: this is no longer a hollow dictum of religion, but a directive for economic action toward human brotherhood.

My own time is passing fast enough without some national gam

My own time is passing fast enough without some national game to help it along.

What wisdom can you find that is greater than kindness?

What wisdom can you find that is greater than kindness?

Jean Jacques Rousseau

Anything for the quick life, as the man said when he took th

Anything for the quick life, as the man said when he took the situation at the lighthouse.

Charles Dickens

Colors fade, temples crumble, empires fall, but wise words e

Colors fade, temples crumble, empires fall, but wise words endure.

Edward Thorndike

Exaggerated sensitiveness is an expression of the feeling of

Exaggerated sensitiveness is an expression of the feeling of inferiority.

It is from the traditional family that we absorb those unive

It is from the traditional family that we absorb those universal ideals and principles which are the teaching of Jesus, the bedrock of our religious faith. We are taught the difference between right and wrong, and about the law, just punishment and discipline.

Maybe the answer to Selective Service is to start everyone o

Maybe the answer to Selective Service is to start everyone off in the army and draft them for civilian life as needed.

Proportion is the heart of beauty.

Proportion is the heart of beauty.

Art Beauty Construction Proportion

Man dreams of fame while woman wakes to love.

Man dreams of fame while woman wakes to love.

Alfred Lord Tennyson

Some have argued that confronting the threat from Iraq could

Some have argued that confronting the threat from Iraq could detract from the war against terror. To the contrary, confronting the threat posed by Iraq is crucial to winning the war on terror.

You can't start at the top.

You can't start at the top.

Samuel Levenson