The FDIC—Watchdog of America’s Banking Sector

In 1933, given bank failures en masse from the 1920s to the early 1930s, the U.S. government created America’s Federal Deposit Insurance Corporation (FDIC).
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/gruenberg_119322917.jpg" alt="Acting Chairman of Federal Deposit Insurance Corporation (FDIC) Martin Gruenberg speaks during the open session of the Financial Stability Oversight Council (FSOC) meeting this past July at the Treasury Department in Washington. (Alex Wong/Getty Images)" title="Acting Chairman of Federal Deposit Insurance Corporation (FDIC) Martin Gruenberg speaks during the open session of the Financial Stability Oversight Council (FSOC) meeting this past July at the Treasury Department in Washington. (Alex Wong/Getty Images)" width="225" class="size-medium wp-image-1797481"/></a>
Acting Chairman of Federal Deposit Insurance Corporation (FDIC) Martin Gruenberg speaks during the open session of the Financial Stability Oversight Council (FSOC) meeting this past July at the Treasury Department in Washington. (Alex Wong/Getty Images)
Heide B. Malhotra
Heide B. Malhotra
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