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Maybe The $250K Limit Will Be Extended Beyond 2013

Thursday, June 17, 2010 - 9:00 AM
WASHINGTON (6/17/10)--In an unexpected move, lawmakers added language to regulatory reform legislation that would overhaul the deposit insurance system. The changes would set the deposit insurance limit at $250,000 indefinitely, and extend a program that would give unlimited guarantees for certain accounts and the Federal Deposit Insurance Corp. more leeway to set premiums (American Banker June 16). House and Senate conferees Tuesday agreed to keep the $250,000 limit permanent and retroactive to cover 2008 failures. The limit was increased to $250,000 from $100,000 in October 2008, and was set to return to $100,000 after 2013.
cactuscactus51 posts since
Jan 17, 2010
Rep Points: 384
1. Thursday, June 17, 2010 - 9:27 AM
Thanks for the heads-up.  I hope this goes through soon.
tomlawlertomlawler21 posts since
May 22, 2010
Rep Points: 82
2. Thursday, June 17, 2010 - 1:40 PM
Thanks Cactus for the news. I just did a post on this. I hope it passes. That will be one less worry for us savers.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634