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Bailout

: Subsidyscope

Deposit Insurance Fund in the Red

By The Pew Charitable Trusts and Sunlight Foundation

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In an unprecedented move this week, the Federal Deposit Insurance Corporation is asking banks to prepay their quarterly fees for the next three years in order to stem steady losses to the fund that backs accounts when an insured bank or thrift fails. <a href="/projects/bailout/fdic/bank-failures/prepayment-requirement/">Read more&nbsp;&raquo;</a>

Full post as published by Subsidyscope on October 02, 2009 (boomark / email).

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