Eugene David
...The One-Minute Pundit

Tuesday, September 29, 2009


The Federal Deposit Insurance Corp., seeking to replenish its fund as banks fail at the fastest pace in 17 years, today proposed that lenders prepay fees through 2012 and shelved any further special assessments.

Lenders would prepay their FDIC premiums for the fourth quarter and next three years on Dec. 30, generating about $45 billion, according to an outline of the staff’s recommendations. The agency raised its estimate for bank-failure costs to $100 billion through 2013, from $70 billion, according to the staff.


DOW 50,000!!!!!

(Via Seeking Alpha)

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