The FDIC is asking big banks to pay up
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 12 May 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
When the Federal Deposit Insurance Corp. stepped in to make depositors whole after recent bank failures, the agency’s insurance fund took a $15.8 billion hit. So who’s on the hook to replenish it? If the FDIC has its way, it’ll be the nation’s largest banks. Also on the program: smaller tax refunds, an alternative solution to bank runs and a potential boon to private prisons.
Transcript
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| 0:00.0 | Marketplaces may fundraiser as ending on Friday at midnight and we still need your help |
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| 0:20.6 | In no particular order, we will do immigration and inflation, banks and the debt limit. |
| 0:28.3 | For fear though, we'll make it interesting. |
| 0:30.5 | From American public media, this is Marketplace. |
| 0:42.0 | In Los Angeles, I'm Kai Rizzo. |
| 0:43.7 | It is Friday today, the 12th of May, it is always to have you along. |
| 0:47.7 | Everybody, we are just going to dig right in a bunch of stuff to talk about, probably not |
| 0:51.4 | as much time as we need Jordan Holman's at the New York Times. |
| 0:55.2 | CityBready is at Politico, hey you two. |
| 0:58.2 | Hey Kai. |
| 0:59.2 | So, cityBready, let me start with you. |
| 1:00.9 | We will start with inflation and we will point out that both the CPI, the consumer price |
| 1:05.2 | index and the PPI, the producer price index came out this week, elevated but trending down |
| 1:11.8 | discuss. |
| 1:12.8 | Better, better, better, still not good enough. |
| 1:16.4 | This is the challenge that we have with inflation. |
| 1:19.0 | You look at any chart and it's just like it's got the downtrend, but we've been dealing |
| 1:23.1 | with this for two years now. |
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