http://www.fcic.gov/hearings/pdfs/2010-0113-Mayo.pdf
Very worth the read kids.
What I can't understand is how the banks were allowed to not make their insurance deposits funds for 10 years and what did they do with that excess money they didn't have to spend?
Whose bright idea was that and who was dumb enough to allow it?.
I believe the banks owe the FDIC some money and ought to pay up since the FDIC is in dire need of such funds.
Damn if we aren't being governed in some very strange ways.
