{"id":11599,"date":"2009-03-05T23:15:01","date_gmt":"2009-03-05T23:15:01","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/sheila_bair_says_insurance_fund_could_be_insolvent_this_year\/"},"modified":"2009-03-05T23:15:01","modified_gmt":"2009-03-05T23:15:01","slug":"sheila_bair_says_insurance_fund_could_be_insolvent_this_year","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11599","title":{"rendered":"Sheila Bair Says Insurance Fund Could Be Insolvent This Year"},"content":{"rendered":"<p>Smaller banks are outraged over the one-time fee, which could wipe out 50 percent to 100 percent of a bank\u2019s 2009 earnings, Camden Fine, president of the Independent Community Bankers of America, said yesterday in a telephone interview.<\/p>\n<p>\u201cI\u2019ve never seen emotions like this,\u201d\u009d said Fine, adding that he\u2019s received more than 1,000 e-mails and telephone messages from angry bankers.<\/p>\n<p>\u201cThe FDIC realizes that these assessments are a significant expense, particularly during a financial crisis and recession when bank earnings are under pressure,\u201d\u009d Bair wrote. \u201cWe did not want to impose large assessments when the industry and economy are struggling. We searched for alternatives but found none better.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=washingtonstory&#038;sid=alsJZqIFuN3k\">Read it all<\/a>.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Smaller banks are outraged over the one-time fee, which could wipe out 50 percent to 100 percent of a bank\u2019s 2009 earnings, Camden Fine, president of the Independent Community Bankers of America, said yesterday in a telephone interview. \u201cI\u2019ve never<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11599\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,585,596,584],"tags":[],"class_list":["post-11599","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11599"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11599\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}