Apparently so:
Rescue law 101: What it says - Oct. 3, 2008
The bill will also temporarily increase the level of federal insurance for credit union savings to $250,000.
By the way, it's stupid for this to be "temporary", because you'd just cause a run on all assets between $100K and $250K when it expired, and you'd be in this mess again.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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