Tag Archives: Banking

Now the FDIC Needs to Borrow Money

Posted on 11 March 2009 by Erik

And this is why our economy is colossally screwed right now.  The FDIC didn’t collect any premiums from banks from 1996-2006 and not they want permission borrow $500 million to fulfill its purpose. The reason they didn’t collect premiums?  Congress … Continue reading →

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Posted in Economics, Government | Tagged , , , | 4 Comments