November 23, 2009

Dallas Morning News - Community banks paying price for behemoths' missteps in financial crisis

Written by: Jessica Behnham

Like all bankers in the country, Tom Yenne has an extraordinary bill from the Federal Deposit Insurance Corp. coming due next month.The FDIC needs money to avoid disaster should one of the nation’s sickly banking giants fail. The deposit insurance fund stands at about $10.4 billion. So any institution that would cost the FDIC more than that to resolve would wipe out the fund.