The Federal Deposit Insurance Corporation, established by Congress, plays a crucial role in upholding the stability and public trust of the country's financial system. Its responsibilities include safeguarding deposits, overseeing the safety and integrity of financial institutions, and protecting consumers. The FDIC also manages any failed banks or financial institutions in order to minimize any impact on the economy. As a knowledgeable professor, it is important to understand the role and impact of the FDIC in the world of finance.
