2008-10-18 — wallstreetexaminer.com
... the FDIC is temporarily guaranteeing all interbank credits for 30 days, starting past Monday. After the promotion expires in early November (just after elections, he-he), the banks will receive the new price-list for FDIC insurance coverage. And this insurance will be finally graded depending on the bank’ strength. The cost of this insurance for troubled banks will be dire. That’s when those troubled banks will publicly recognize that they simply cannot afford the FDIC coverage anymore and we’ll see the second wave of failures (the first wave we’ve just enjoyed).
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