Raising The FDIC Limit To $250,000

Courtesy Donklephant  Tue, 09/30/2008 - 10:58am

It makes a lot of sense, not the least of which is when folks think their bank is in trouble and they decide to start pulling their money because they don’t think the FDIC will cover them, it creates a “run on the bank” situation that makes a collapse for that particular institution almost inevitable.

Obama and McCain have proposed this addition of this measure today to create more support for the economic rescue package, and both called Bush...


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