This whole fiasco is reprehensible, and largely unnecessary (save for the LibTards who championed risky mortgage lending). However, to suppose the banks are going to pay these fees is wrongheaded. They will surely pass these fees (costs) along to their consumers in the way of increased transaction fees and such.
NO BUSINESS PAYS TAXES. THEY ALL PASS ALONG TAX COSTS TO CONSUMERS IN THE FORM OF HIGHER PRICES.
It’s time to take back the country.
Far more important than finger-pointing, he said, is confidence in the FDIC.
Despite the increased premiums, John Dittman, chairman of Cornhusker Bank, is philosophical about the whole thing.
Nice philosophy Ditzman...that of financial oligarchs/socialists...legal plunderers.
The FDIC will bankrupt small banks and credit unions, while at the same time they will bailout the large ones. This is part of the long term plan to consolidate banking and put it more easily under even more government control.