Community Banks Urge Caution on Proposed Hike of FDIC Premiums
October 20, 2008
Community bankers are urging the Federal Deposit Insurance Corp. not to let IndyMac Bancorp’s failure influence an agency proposal to raise the rates banks and thrifts pay for deposit insurance. The Independent Community Bankers of America is concerned that community banks are going to be charged higher premiums because of IndyMac’s collapse, which is going to be more expensive to the FDIC...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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