FDIC Weighs One-Time âEmergencyâ Fee on Banks to Boost Reserves FDIC Weighs One-Time âEmergencyâ Fee on Banks to Boost Reserves Email | Print | A A A By Alison Vekshin and Margaret Chadbourn Feb. 27 (Bloomberg) -- The Federal Deposit Insurance Corp. will consider imposing a one-time âemergencyâ fee and increase regular fees on U.S. banks to replenish a fund for insuring customersâ deposits thatâs been drained by a surge in bank failures, the agency said. FDIC staff members at a board meeting today in Washington will recommend charging banks an âemergency special assessmentâ in response to an estimate that bank failures could cost the fund $65 billion through 2013, according to a memo outlining the proposal. The added fees are projected to generate $27 billion this year, compared with the $3 billion raised in 2008, the FDIC said.
So the well run banks need to pony up to cover for the poorly run banks? That's as crazy as asking responsible homeowners to help their irresponsible neighbors pay off their overpriced mortgages!!!! Oh wait, been there, done that. gotta love america!
That's our new way of life. Don't have to get a gun and rob people directly, just blow all your dough then have Obama take from others and give to you. Yay.
The treasury injects capital into US banks and the FDIC takes it out via fees just to call itself 'privated funded'. Talk about transparency