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Viewpoint: FDIC Prepayment Plan Is an Economic Loser

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Because the FDIC did not build the DIF during good economic times, it now proposes to harm banks economically just as the country is trying to recover. This is poor policy.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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