Relevant:
- FDIC nears IndyMac sale
- FDIC Fund Strained by Bank Failures May Have to Raise Premiums
- FDIC Ups Deposit Insurance Premiums; ABA Cautious
- FDIC not too far away from tapping into U.S. Treasury $500 billion taxpayer lifeline
- FDIC Holds off Raising Bank Insurance Premiums, Expects Bank Failures to Peak in 2010
2008-09-18 — seekingalpha.com
"... a former FDIC chairman, Bill Isaac, points out here, the FDIC Insurance Fund is an accounting fiction. It takes in premiums from banks, then turns those premiums over to the Treasury, which adds the money to the government's general coffers for "spending . . . on missiles, school lunches, water projects, and the like."
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