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“Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.” I don’t thin
by fwlr 4y ago
“Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.”
I don’t think they have a choice. Congress decided for them.
- paulddraper 4y agoThe losses to the fund have to be recovered via special assessment. The magnitude of losses to the fund is discretionary.
- fwlr 4y agoI don’t think the accounting of losses to the fund is actually discretionary, if they lose money they have to report it, they can’t just re-define the fund as marginally smaller than it was before. I don’t think I understand what you mean.