![[Post 642] Why This Sign Is in Front of Banks | WSJ](https://thefinance.sg/wp-content/uploads/2022/04/cropped-20220421.-Logo-1067-x-1067-Transparent-Background-32x32.png)
Summary The Federal Deposit Insurance Corporation was created from the Banking Act of 1933 to prevent the bank runs seen during the Great Depression. With Silicon Valley and Signature Banks, the FDIC is doing what it was designed to do—cover insured...