On top of the standard quarterly assessments, the FDIC will collect a very large “special assessment” from all institutions on September 30 that is expected to raise $5.6 billion. They’ll probably do some more before this is all over (another one is coming 2009; it just hasn’t been officially announced).
Member banks will continue contributing at high levels until the fund is replenished.
Those are the facts, but it’s a lot scarier to simply post “the FDIC is going broke”.
And what on earth are they doing *here*?
On DU? Par for the course...