I see an article that really disturbs me on how shaky our economy really is.

Faced with that sobering prospect, the FDIC board took the unprecedented step Tuesday of proposing to have U.S. banks prepay $45 billion, or three years’ worth, of insurance premiums.

Here the FDIC is having the banks prepay the next 3 years of Insurance premiums.  That is a very bad sign that the Banking Industry is in trouble. I have seen articles talking about a large number of banks are near borderline for Federal Take Over. But no one is buying the banks the FDIC had taken over.  Now the banks they are taking over are small ones this week bringing the number to 98 for the year.  But  there are a lot more banks out there that are struggling.  Here you have banks that are near the brink of being taken over. And the FDIC wants the next 3 years of Premiums.  Could this cause even more banks to be taken over by the federal government.  And at what cost.    Keep an eye on what is happening in the banking industry.   It is one key for our economy to recover.  And the FDIC is taking more money out of circulation meaning even more slowing in the eventual economic recovery of our nation.

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