Today, there was big news that maybe isn't getting the attention it deserves: the head of the FDIC has sent a letter to banks and thrifts across the country, explaining to their CEOs that the FDIC must raise its fees, as well as be paid the big surprise extra premium payment that it voted for itself last week, otherwise the FDIC will become insolvent in a matter of months.
That the FDIC is even hinting that it may be insolvent at any time is spooky stuff, and I'm thinking more than adequate to start some folk on a run to their banks.
