FDIC Looking at Ways to Survive

The Federal Deposit Insurance Corp. has fallen on difficult times following the failure of 95 banks in 2009. As things in the financial industry still remain uneasy, practically every expert believes it’s a question of when — not if — the FDIC will run out of money.
How will the FDIC get money to survive these difficult times? According to the Associated Press, the leading idea at the moment calls for the FDIC to require banks to prepay premiums. One rumored plan has the FDIC asking for three years of prepaid premiums.
Currently, the FDIC has said that they generate about $12 …read more