September 28, 2009

HOW BROKE IS THE FDIC? THIS BROKE: FDIC expected to ask banks to prepay $36B in fees. “The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to replenish the deposit insurance fund that has been severely depleted by a rash of bank failures.” Can you give me an advance on my salary? I’m a little short this decade.