from an email blast
From the Editors of American Banker
Insolvency of DIF Likely to Last Years
WASHINGTON - The FDIC on Tuesday said the DIF is headed to insolvency and will stay there for at least three years. Rather than rebuild it immediately to the statutory 1.15% reserve level, the agency plans to meet its liquidity needs by raising $45B from banks' prepaying the next few years' worth of premiums.
HEY THEY DIDNT MANIPULATE THIS MANUTE?
9:46am:U.S. Sept. Chicago PMI falls to 46.1% from 50.0%
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