Two weeks later, the FDIC seized Washington Mutual and wiped out the bondholders. |
The FDIC is now exploring options for replenishing the fund, including charging banks a special fee or asking them to prepay future fees. |
For further details concerning FDIC coverage see the FDIC website at www. FDIC.gov. |
Furthermore, the lower levels of FDIC might be related to the sluggish non-financial investment in Canada in recent years. |
In which case, the FDIC will end up paying out on the insurance for overpriced assets. |
So far, Wells Fargo is the only big American bank that the FDIC judges capable of that. |