I want to thank you for inspiring me to read and understand a ‘FFIEC 041’ from the FDIC… This is interesting (no pun intended) stuff. It will definitely make me a better Bank consumer.
I do not agree that ‘higher deposit fees’ will be paying a ‘big chunk of this’. The FDIC only covers deposits. It does not cover bad loans. The $800 BILLION bailout package for mortgage-backed securities (not deposits) last year creates a governmental deficit which will be paid back in taxes by my children. I expect even more Bailouts to be presented as the need arises. Private screw ups paid off by We, the People.
And I am sure the stating of your personal economy concern was for your own benefit as well. Your bank must have made a large profit last year. What was that bank name again?
