Quote:
Originally Posted by marketsmart
the indy mac failure ate 10% of the FDIC fund....
|
I think more than that.
The FDIC fund was $45 billion at the end of June. The most recent estimate of the cost of Indy Mac is $8.9 billion. Almost 20%.
So now the FDIC will have to charge banks higher premiums in order to rebuild its reserve ratio.