Now-needy FDIC collected little in premiums — 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. [...] Congress believed that the fund was so well-capitalized - and that bank failures were so infrequent - that there was no need to collect the premiums for a decade, according to banking officials and analysts. Let's see, who was in control of Congress from 1996-2006? Which party believes in de-regulation to the point of psychosis about it? Hmmm. Nope, nothing comes to mind. Definitely an "Obama economy" problem. The Bush Depression: conservatism's gift to America. (Snurched from This Modern World.)
?otD: Is it safe to go outside?
3/12/2009 Body movement: 40 minute workout on machines at gym This morning's weigh-in: 217.8 Currently reading: The Confidence-Man: His Masquerade by Herman Melville; Watchmen by Alan Moore etc.