The FDIC has proposed a wise plan for replenishing the Deposit Insurance Fund. FDIC Chairman Sheila Bair put it succinctly on Sept. 29 when she said: “It’s clear that the American people would prefer to see an end to policies that look to the federal balance sheet as a remedy for every problem.”
Banks across the country will tap their collective $1.3 trillion in liquid funds to prepay about $45 billion in FDIC premiums. Payable Dec. 30, the prepayment will . . .
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