FDIC

[abbott]

was at a NAIOP meeting last week and the guest speaker was some guy who owns 15 banks and he was all pissed because the FDIC has told him he has to pay 3 years worth of insurance premiums in advance for each of his branches, also that if they did not pay the 3 years in advance that they would downgrade the banks ratings.

I am sure this guy is scared because the FDIC came in to town last month and gave a local bank to a Texan due to the banks poor rating... At least the new owner from Plano Texas is happy. http://albuquerque.bizjournals.com/albuquerque/stories/2010/01/18/daily49.html (http://albuquerque.bizjournals.com/albuquerque/stories/2010/01/18/daily49.html)

[p-branez]

the guy was probably barely loaning in the first place, now the federal government mandates this. it's remarkable how uncoordinated federal policies can be.