FDIC Insurance Limits
In 2008 the FDIC insurance per depositor was temporarily raised from $100,000 (set in 1980) to $250,000 which will revert back on December 31, 2013. What was the reasoning behind making this temporary? And why was the jump so big?
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Boost Confidence
Posted by: Mr_Blue on 2010 02 21
This decision was made by FDIC in the middle of the bailout discussions in D.C. It was very much a decision to boost confidence in the banking system.