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by oasisbob
5472 days ago
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The FDIC doesn't have a fraction of the money needed to insure a fraction of the money... Sure it does. The FDIC makes an annual assessment on financial institutions ranging from 2.5 to 45 basis points to keep the insurance fund solvent. In 2009 there were many special assessments to replenish the fund. Insurance is always leveraged. Those skilled in the art are actuaries. |
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