Relevant:
- FDIC insurance coverage permanently increases to $250,000 per depositor
- Report: ObamaCare to Increase Premiums, 200% Possible
- FDIC Extends the Debt Guarantee Component of Its Temporary Liquidity Guarantee Program
- TAG Actually Gives Big Banks the Advantage
- Rebuttal: Is it Fair to Blame Obama for Everything? - Justizz
2009-05-22 — fdic.gov
"On May 20, 2009, President Barack Obama signed the Helping Families Save Their Homes Act, which extends the temporary increase in the standard maximum deposit insurance amount (SMDIA) to $250,000 per depositor through December 31, 2013. This extension of the temporary $250,000 coverage limit became effective immediately upon the President's signature. The legislation provides that the SMDIA will return to $100,000 on January 1, 2014."
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Comments:
tvsterling at 06:23 2009-05-23 said:
This is all a very nice feel good gesture, quite in line with the virtual third Bush term but where's the beef. Everybody knows how the bankers hollered their heads off when the government had the effrontery to suggest that they should pay a reasonable increase in their premiums so that there would be a reasonable fund to cover the risks. Especially the risks commensurate with the business decisions of a group of developmentally retarded, arrogant & morally challenged limolizards. Permalinkadd a comment | go to forum thread
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