{"id":11661,"date":"2009-03-12T01:30:09","date_gmt":"2009-03-12T01:30:09","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/now_needy_fdic_collected_little_in_premiums\/"},"modified":"2009-03-12T01:30:09","modified_gmt":"2009-03-12T01:30:09","slug":"now_needy_fdic_collected_little_in_premiums","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11661","title":{"rendered":"Now-needy FDIC collected little in premiums"},"content":{"rendered":"<p>The federal agency that insures bank deposits, which is asking for emergency powers to borrow up to $500 billion to take over failed banks, is facing a potential major shortfall in part because it collected no insurance premiums from most banks from 1996 to 2006&#8230;.<\/p>\n<p>Congress believed that the fund was so well-capitalized &#8211; and that bank failures were so infrequent &#8211; that there was no need to collect the premiums for a decade, according to banking officials and analysts.<\/p>\n<p><i><a href=\"http:\/\/www.boston.com\/news\/nation\/washington\/articles\/2009\/03\/11\/now_needy_fdic_collected_little_in_premiums\/?page=full?ref=fp1\">Ugh. Read it all<\/a>.<\/i><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal agency that insures bank deposits, which is asking for emergency powers to borrow up to $500 billion to take over failed banks, is facing a potential major shortfall in part because it collected no insurance premiums from most<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11661\">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":[40,149,583,585,596,584],"tags":[],"class_list":["post-11661","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-the-2009-obama-administration-bank-bailout-plan","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\/11661","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=11661"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11661\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}