Taxpayers are on the hook for this bailout. They are going to use fees paid by banks to the FDIC… Now think for a moment.
Where do banks get the money to pay those fees…
And this will deplete the funds available to backstop any future problems. Then what? You cannot base fees on a $250,000 limit then expect to pay out $400 million or more for a depositor.
Taxpayers are on the hook for this bailout. They are going to use fees paid by banks to the FDIC… Now think for a moment.
Where do banks get the money to pay those fees…
And this will deplete the funds available to backstop any future problems. Then what? You cannot base fees on a $250,000 limit then expect to pay out $400 million or more for a depositor.