Yellen: Prepared to Take Additional Actions on Deposits

The video discusses the FDIC's decisive actions to bolster public confidence in the US banking system. It highlights measures taken to protect depositors at failed institutions and provide liquidity to banks, while clarifying that shareholders and debt holders are not protected by the government. The video also explains that deposit protection is funded by fees on insured banks, not taxpayers. It concludes by emphasizing the tools used to prevent contagion and the readiness to take additional actions if necessary.

What is the role of the deposit insurance fund?

What assurances were given regarding the safety of American deposits?