Need more proof the banking system is collapsing?
"FDIC to raise premiums to boost fund" by Reuters | December 17, 2008
WASHINGTON - US regulators yesterday said they will raise premiums paid by banks for deposit insurance by 7 basis points, citing recent and projected bank failures that are depleting a reserve fund.
"We do need to take this unfortunate step," Federal Deposit Insurance Corp. chairwoman Sheila Bair said....
Of course, when you realize these sick bastards are doing this ON PURPOSE as part of their GLOBALIST PLANS, well, doesn't it make you even angrier?
As part of the massive $700 billion bailout package for financial institutions, US lawmakers increased the FDIC's insurance coverage to $250,000 from $100,000 per depositor through 2009. That measure was aimed at calming the financial markets quickly, as one big institution after another was spiraling downward. It also reassured some businesses that keep more than the coverage limit in bank accounts.
Yeah, make sure you INSURE the RICH and give THEM a BAILOUT!!!
Do YOU have $100k in the bank?
Related: Federal Bail-Out for Madoff Investors
The American Bankers Association called the premium increase significant but said banks could bear it. But another trade group, the Independent Community Bankers of America, said the increase is disappointing for the industry, which is made up of mostly smaller banks.
Oh, so the SMALL, HEALTHY, COMMUNITY BANKS are now being asked to BAIL OUT the FED and Washington, too, huh?
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