09/30/09 10:40 am - FDIC Wants Ten Billion Dollars from Biggest Banks

The FDIC is struggling mightily to stay solvent. Given that there are bank failures every Friday it's no easy feat for it to stay ahead of the game.Please consider Bank of America Major Banks’ FDIC Premiums May Top $10 Billion.  “The Federal Deposit Insurance Corp.’s plan to rebuild its reserves may cost Bank of America Corp. (BAC) and three of the largest US banks more than $10 billion.“Bank of America the biggest US lender by deposits may owe $3.5 billion under an FDIC proposal that banks prepay three years of premiums based on the lowest assessment rate multiplied by …
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