http://www.marketwatch.com/story/the-washington-witch-hunt-hits-home-2010-01-27
This is a comment left on Todd Harrison's article on Marketwatch,
If this is true no local banks can survive
The reality of what the FDIC is asking for is horrifying.
[B]TODD- write something about FDIC insurance premium increases to small town banks.!...our local bank''s premium went from $37,000 in 2007 to $869,000 in 2009.(and going higher in 2010)...how long will "small town banks survive"- with that type of premium increases??
It appears our "Government/Fed" is bailing out the mega banks, BOA,Fannie,Freddie,Citi, AIG, and "Goldman's Slacks", Merril, etc. on the backs of our small town banks, and taxpayers, with "insurance premium" increases to small town banks, and "future tax" for us the Taxpayers!![/B]
