|Federal Deposit Insurance Corp. Chairman Sheila Bair said the deposit insurance fund could dry up amid a surge in bank failures, as she responded to an industry outcry against new fees approved by the agency. 'Without these assessments, the deposit insurance fund could become insolvent this year.'
Read the rest of the story HERE:
OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.
|The views expressed herein are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.