njcommuter
2008-07-20 17:06:28
Side question: The $100,000 limit on FDIC insurance has been around for at least half a century, probably since the FDIC was created. But the dollar has shrunk notably since then, and people don’t know whether their accounts under various titles (John Smith, John and Jane Smith, John Smith in trust for Jimmy Smith …) are added together againt that limit. When a bank’s situtation gets dicey, people may just go to move part of their assets out of it, to protect against hitting those limits. That’s going to hurt, too.
Isn’t there a case now for raising the deposit insurance ceiling to $500,000 or even $1,000,000?
