http://news.yahoo.com/s/bloomberg/20080930/pl_bloomberg/ar8q_hit0nyi
Obama Proposes Increasing Federal Deposit Insurance to $250,000 Nadine Elsibai 1 hour, 58 minutes ago
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Sept. 30 (Bloomberg) — Barack Obama, the Democratic presidential nominee, today proposed increasing the Federal Deposit Insurance Corp. limit to $250,000 from the current level of $100,000.
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Sorry, I disagree. The taxpayer is not supposed to be an insurance company. The limit when it was raised led to the Savings & Loan problem. There’s no reason in today’s marketplace to have FDIC Insurance at 100k. I can understand wanting to protect small savers. But let them use Treasury Bills, just like the big boys. In the “old days” those were not available to the little people. They are now!
No, no need for a larger FDIC, unless you want to insulate the bankers.
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