[An Old Man]

More Cheerie News

Just be sure nobody blames the banks for making bad loans.

[Attention Surplus Disorder]

Few people are putting two and two together. These fees are going to force banks to raise CC interest rates and in some cases, cut back on lending. Further constricting credit.

We have such geniuses in charge, this is so sick.

[Petronski]

Title ought to read:

FDIC Raised Fees on Banks Trying to Prevent Fund Insolvency

[upchuck]

“Banks, not taxpayers, are expected to fund the system,” Bair said. Asking for taxpayer support “could paint all banks with the ‘bailout’ brush.”

I applaud Bair for not turning first to the taxpayers to build the fund. Banks must be held responsible for their actions. The FDIC performs the necessary role of removing bad banks from the system and selling the good assets to a strong bank. See more of my throughts on the government's response in Cleaning Out the System.

WTF??

Where do these liberal idiots think banks get their cash? From customers (taxpayers) maybe?

You think the bank won't raise fees, etc. to get the cash to pay these extra FDIC bendovers? HA!

Maybe the bank's CEO will take a paycut to cover the bendovers. Double HA!