{"id":1568,"date":"2009-03-05T18:33:40","date_gmt":"2009-03-05T18:33:40","guid":{"rendered":"http:\/\/sonicfrog.net\/?p=1568"},"modified":"2009-03-05T18:33:40","modified_gmt":"2009-03-05T18:33:40","slug":"now-from-the-are-these-people-fking-idiots-department","status":"publish","type":"post","link":"https:\/\/sonicfrog.net\/?p=1568","title":{"rendered":"Now, From The &quot;Are These People F&#039;ing Idiots&quot; Department."},"content":{"rendered":"<div style=\"padding-bottom:20px; padding-top:10px;\" class=\"hupso-share-buttons\"><!-- Hupso Share Buttons - https:\/\/www.hupso.com\/share\/ --><a class=\"hupso_toolbar\" href=\"https:\/\/www.hupso.com\/share\/\"><img src=\"https:\/\/static.hupso.com\/share\/buttons\/share-medium.png\" style=\"border:0px; padding-top: 5px; float:left;\" alt=\"Share Button\"\/><\/a><script type=\"text\/javascript\">var hupso_services_t=new Array(\"Twitter\",\"Facebook\",\"Google Plus\",\"Pinterest\",\"Linkedin\",\"StumbleUpon\",\"Digg\",\"Reddit\",\"Bebo\",\"Delicious\");var hupso_background_t=\"#EAF4FF\";var hupso_border_t=\"#66CCFF\";var hupso_toolbar_size_t=\"medium\";var hupso_image_folder_url = \"\";var hupso_url_t=\"\";var hupso_title_t=\"Now%2C%20From%20The%20%26quot%3BAre%20These%20People%20F%26%23039%3Bing%20Idiots%26quot%3B%20Department.\";<\/script><script type=\"text\/javascript\" src=\"https:\/\/static.hupso.com\/share\/js\/share_toolbar.js\"><\/script><!-- Hupso Share Buttons --><\/div><p>Oh goody, <a href=\"http:\/\/http:\/\/www.bloomberg.com\/apps\/news?pid=washingtonstory&#038;sid=alsJZqIFuN3k\">the FDIC is running out of money<\/a>! The banking industry is struggling, more banks are going to fail. So where do you think we&#8217;re going to get the money to help sustain the FDIC to prevent it from draining the money well dry? You guessed it, from healthier banks.<\/p>\n<blockquote><p>The FDIC last week approved a one-time \u201cemergency\u201d fee and other assessment increases on the [banking] industry to rebuild a fund to repay customers for deposits of as much as $250,000 when a bank fails. The fees, opposed by the industry, may generate $27 billion this year after the fund fell to $18.9 billion in the fourth quarter from $34.6 billion in the previous period, the FDIC said.<\/p>\n<p>Smaller banks are outraged over the one-time fee, which could wipe out <strong>50 percent to 100 percent of a bank\u2019s 2009 earnings<\/strong>, Camden Fine, president of the Independent Community Bankers of America, said yesterday in a telephone interview.<\/p>\n<p>\u201cThe FDIC realizes that these assessments are a significant expense, particularly during a financial crisis and recession when bank earnings are under pressure,\u201d Bair wrote. \u201cWe did not want to impose large assessments when the industry and economy are struggling.<strong> We searched for alternatives but found none better<\/strong>.\u201d<\/p><\/blockquote>\n<p>Just a suggestion &#8211; <strong><em>Search Harder<\/em><\/strong>!!!<\/p>\n<p>The war on business continues.<\/p>\n","protected":false},"excerpt":{"rendered":"<div style=\"padding-bottom:20px; padding-top:10px;\" class=\"hupso-share-buttons\"><!-- Hupso Share Buttons - https:\/\/www.hupso.com\/share\/ --><a class=\"hupso_toolbar\" href=\"https:\/\/www.hupso.com\/share\/\"><img src=\"https:\/\/static.hupso.com\/share\/buttons\/share-medium.png\" style=\"border:0px; padding-top: 5px; float:left;\" alt=\"Share Button\"\/><\/a><script type=\"text\/javascript\">var hupso_services_t=new Array(\"Twitter\",\"Facebook\",\"Google Plus\",\"Pinterest\",\"Linkedin\",\"StumbleUpon\",\"Digg\",\"Reddit\",\"Bebo\",\"Delicious\");var hupso_background_t=\"#EAF4FF\";var hupso_border_t=\"#66CCFF\";var hupso_toolbar_size_t=\"medium\";var hupso_image_folder_url = \"\";var hupso_url_t=\"\";var hupso_title_t=\"Now%2C%20From%20The%20%26quot%3BAre%20These%20People%20F%26%23039%3Bing%20Idiots%26quot%3B%20Department.\";<\/script><script type=\"text\/javascript\" src=\"https:\/\/static.hupso.com\/share\/js\/share_toolbar.js\"><\/script><!-- Hupso Share Buttons --><\/div><p>Oh goody, the FDIC is running out of money! The banking industry is struggling, more banks are going to fail. So where do you think we&#8217;re going to get the money to help sustain the FDIC to prevent it from draining the money well dry? You guessed it, from healthier banks. The FDIC last week [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/sonicfrog.net\/index.php?rest_route=\/wp\/v2\/posts\/1568"}],"collection":[{"href":"https:\/\/sonicfrog.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sonicfrog.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sonicfrog.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sonicfrog.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1568"}],"version-history":[{"count":0,"href":"https:\/\/sonicfrog.net\/index.php?rest_route=\/wp\/v2\/posts\/1568\/revisions"}],"wp:attachment":[{"href":"https:\/\/sonicfrog.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sonicfrog.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sonicfrog.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}