Posted on 03/12/2023 4:36:51 PM PDT by DoodleBob
Those insurance premiums are paid indirectly by savers in the form of lower yield on their savings.
And who will pay that special fee mr. grey_whiskers? It will be savers in the form of lower yield on sacings and people wo get loans from banks in the form of higher interest rates. Savers & borrowers are tax payers
There is no free lunch. Tax payers always pay what government spends. There is no other source of money for gov't. The FUGLY big national debt is a burden on future tax payers.
Not everyone uses commercial banks.
Some people use credit unions, which have their own setup: and won’t be bailing out banks.
Come on man...(quoting Biden)
Credit Unions do not operate in a vacuum.
They compete with banks.
What affects banks will affect Credit unions.
You really are a troll.
Black in 2008 when the FDIC was closing several banks they ran low in their funds and to replenish they forced the banks to prepay 3 years worth of premiums to refill the fund.
All banks pay roughly the same premium formula. Instead of assessing risk like regular insurance companies do, those at risk pay more, they don’t do that. It’s a pretty screwed up way they do things.
Not from the taxpayers.
It is always tax payers receiving reduced dividends to pay FDIC insurance.
That's awful. You can avoid that by not owning any bank stocks.
You should be aware that any dividend or interest paying entity does NOT operate in vacuum. They all compete for depositors and borrowers. In other words yield is competitively priced everywhere. If some non-bank is paying out higher yield but is not insured for $250,000 then people will prefer bank for reducing risk.
In summary, every tax payer pays directly or indirectly for FDIC.
You can not escape taxes or death.
Come on man...stop repeating the same phrase when you can’t refute my point of view. Very low IQ behavior on your part.
All you have to do to avoid it is don’t own bank stock and don’t have an interest-bearing account in a bank.
It must suck to be so old and feeble.
Here’s a hint.
Get over yourself.
Nobody cares about your treadmill workout, and just because you express an opinion, doesn’t obligate everyone to fall at your feet and worship just because you deigned to speak.
FDIC is for banks, National Credit Union Share Insurance Fund is for Credit Unions.
You still breathing?
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