Question:

Why doesn't the FDIC announce the banks on it's failure list?

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Shouldn't the people be allowed to know if their money is safe?

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3 ANSWERS


  1. To prevent panic.  Just because a bank is on the endangered list doesn't mean that it will ultimately fail.  A bank's customers are on a need to know basis.  If it does fail, customers have FDIC protection.


  2. because if they annouced banks in trouble, 1) everyone would take their money out and the bank would fail for sure 2) they would probably get sued

  3. Most of the customers of that bank would withdraw their money as soon as possible.  This would cause that bank to fail almost immediately.  This would make the failure list a death list.

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