Understanding the FDIC: what happens when banks fail?

Hear from NAI Elliott's Chief Financial Officer Mike Karden as he explains the FDIC's role in protecting depositors and maintaining stability in the financial system.

The FDIC, or Federal Deposit Insurance Corporation, is a US government agency that provides insurance to depositors in case their bank fails. Banks are major players in commercial real estate lending, and their failure can cause a decrease in available credit for commercial real estate projects - creating a ripple effect on the economy.