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Video: How the FDIC Takes Over a Failed Bank

March 9, 2009 | Banking | Videos | 1 Comment

Last night on 60 Minutes was a very interesting segment on how the FDIC takes over failed banks.  The video below shows how a team of FDIC agents prepared to seize Heritage Community Bank outside Chicago. The team checks into a hotel under a fictitious name, CB and Associates, to prevent a run on the bank by depositors. The FDIC didn’t want anyone to know who they were or why they were in town.

Video: How the FDIC Takes Over a Failed Bank

 

 

 

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One Comment to “Video: How the FDIC Takes Over a Failed Bank”

  1. Warning Signs that Your Bank May Fail | Money Cake
    2:05 pm on September 22nd, 2009

    […] Related Article: Video: How the FDIC Takes Over a Failed Bank […]

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