How the U.S. Banking System Really Works

Coverage of : How the Federal Reserve Really Controls Interest Rates - Post Great Recession - the game has dramatically changed and most of us didn't notice. https://www.stlouisfed.org/open-vault/2020/august/how-does-fed-influence-interest-rates-using-new-tools How come we have both the OCC and the FDIC, and what's the difference? Where does the "Insurance Money" Come From when a bank fails? It is really set aside like an insurance company, or did Congress swipe the money like they did the Social Security funds? Did SVB really shift deposit insurance to an unlimited amount? What risks does the new Too Big to Fail Policy present for the U.S. Government, the taxpayers, and would a failed mega bank like Bank of America trigger a recession? What is the new CERL testing and why should I care? Will this change the way banks manage their workouts? Are credit unions as safe as regular banks?