Wednesday, May 13, 2009

How the Bailouts Screw Smaller Banks

“At DeMotte State Bank, an 11-branch operation in Indiana, Bank President Mr. Goetz is expecting a steep increase in the bill from the FDIC.Last year, DeMotte paid $42,000 into the fund. This year, because of failures among big national banks, DeMotte will pay over $500,000. “Isn’t that the American way? Whoever is left standing is the one that

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