[tropicaljacket]

How does this "special assessment on banks" work? Does the FDIC charge all US banks to cover the missing amount? How are the charges distributed? And what law is this?

Also if this option was available, why did they just bring it up now?

[hd95489]

Poor people will get no interest on deposits to bail out the rich.

[ec109685]

Revenue comes from a fee banks pay based on insured deposits. It’s been around 8 cents per $100 insured: https://www.fdic.gov/analysis/quarterly-banking-profile/fdic...

[politician]

It’s almost certainly going to manifest as tax that will be passed on to customers in the form of lower interest rates on deposits.