FDIC mystified by Risk Based Pricing

Stupid FDIC - charging insurance based solely on the size of a banks' deposits. That's like car insurance based not on the likelihood a particular driver will have an (other) accident, but on the size of the car they drive. Savings and Loans who hold many dollars on deposit, then loan carefully to good borrowers get punished for their caution, while those who loaned their thin deposits to snail farms and deadbeat dilberts pay considerably lower premiums. Sure, setting premium levels on a number so easily found in the balance sheet is simple, but it's stupid. Always has been, and is partially to blame for the current meltdown. Premiums should be based upon relative risk of the insured - keeps payouts down, reserves up. To change this, legislators would have to have some experience in running a business, not campaigning for another six years eating their meals at the public trough.