FDIC in the Hole

The FDIC is in the hole by $90 billion. They want the banks to prepay $45 billion in fees, which they will use to bail out the banks. How that bridges the other $45 billion they will need, I don't know. How many more banks will fail because they can't afford to pay would be interesting. Unfortunately, what will happen out of this is that we will wind up with an even more nationalized banking system that we had before the crisis. The too-big-too-fails are only getting bigger, as they survive on bailouts that the smaller banks don't get. It seems to me that Obama has completely dropped the ball on this. Where is the change? Do we have any hope?

Apparently not, as consumer confidence failed to follow the stock market upward and dropped back down to 53. Just a guess, but I think people who can't find a job are pissed that the bankers are getting their bonuses, and the stock market is doing well, but they're not getting any benefit from it. I'm thinking it may be a good time to short ANF.