Academic

On a busy day for regulators, don't miss the FDIC's proposal to raise insurance premiums on banks.  Pursuant the bailout, which increased deposit insurance limits to $250,000, it isn't supposed to raise rates at all.  But the limit raise isn't the only tax on the FDIC's resources.  The fund is projecting a decline in reserves (there's a shocker), and, as the WSJ notes, has put 14 banks, with $29 billion of assets in its riskiest category.  All of this is to be sold with the "we're not just raising rates, we're doing better risk weighting!" line that banks are probably tired of hearing at this point.