Banks Didn't Pay Into FDIC Coffers From 1996 To 2006

Banks Didn't Pay Into FDIC Coffers From 1996 To 2006

For 10 years—including the boom times banks enjoyed in the first half of this decade—the FDIC was prevented from collecting fees from 95% of financial institutions, which it would have used to further build up its safety net in the event it would someday have to bail out a bunch of stupid losers who confused banking with alchemy.