FDIC under pressure to replenish its funds

08/21/2008 | Wall Street Journal, The

The Federal Deposit Insurance Corp. is expected to unveil its strategy for replenishing its coffers in October. The FDIC could raise the fees it levies against banks, which is how it raises capital now, but that would hit the already struggling financial institutions. The agency must do something, however, or it could risk coming up short at a crucial time, damaging public confidence and forcing a taxpayer-funded restocking.

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