“An array of government-created insurance agencies — which have long charged bargain-rate premiums to banks, credit unions, and brokerages — are seeking to make up for massive shortfalls in their insurance funds by raising fees and premiums, many of which are likely to be passed on to consumers. The billions of dollars in new fees are the result of decisions by Congress and the agencies to allow the insurance funds and premiums to be capped at levels that proved far too low, according to Jeffrey R. Brown, a finance professor at the University of Illinois at Urbana-Champaign who has studied the issue. ‘This is what happens when you put the government in charge of an insurance program,’ Brown said. ‘Politically, they don’t run them the way the need to be run.’” (07/02/09)