FDIC insurance up...but what about...
- Thread starter JohnDoe
- Start date
ziggy29
Moderator Emeritus
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.
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.
OAG
Thinks s/he gets paid by the post
Go here (about a half page down) and read the 10/3/08 message: National Credit Union Administration - Home Page
cashbalancetrouble
Recycles dryer sheets
- Joined
- May 19, 2008
- Messages
- 162
I was at the bank today and they did clarify the increase is to $250K for one year only. Congress' rating is 9% approval for average Americans. For intelligent people it must be at zero to get that high an average.
