In 1934, after the failure -it was actually created by Congress in 1933 and went into business in '34.
934年,金融危机后,确切来说,1933年国会批准设立FDIC,于1934年正式启动
Now, the government insures deposits, as you know, through the FDIC -the Federal Deposit Insurance Corporation.
现在,政府对存款进行保险,如你所知,通过FDIC,全称为联邦存款保险公司
This is the securities' analog of the FDIC in banking.
IPC之于证券业,如同FDIC之于银行业
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