FDIC Coverage to $250K Proposed

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   Many in congress are getting behind a proposal to increase the federal deposit insurance for bank accounts from $100,000 to $250,000. 

Increasing that limit is a big help for small-business owners like me. I have to say I am 100% behind this idea.

Also it should help bank stability as people who have money over the current limit are often moving funds from existing banks to spread the risk of capital over the insured amount.

$250k is a reasonable amount for small businesses. But what about medium sized business? 

I hope they include this as well as a capital gains elimination in the rescue bill later this week.

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John Beagle Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List MUSA Official Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855	Post Options Post Reply Quote John Beagle Report Post Thanks(0) Quote Reply Topic: FDIC Coverage to $250K Proposed Posted: Sep 30 2008 at 2:10pm
	Many in congress are getting behind a proposal to increase the federal deposit insurance for bank accounts from $100,000 to $250,000. Increasing that limit is a big help for small-business owners like me. I have to say I am 100% behind this idea. Also it should help bank stability as people who have money over the current limit are often moving funds from existing banks to spread the risk of capital over the insured amount. $250k is a reasonable amount for small businesses. But what about medium sized business? I hope they include this as well as a capital gains elimination in the rescue bill later this week.
	John Beagle Middletown USA News of, for and by the people of Middletown, Ohio.

swohio75 Members Profile Send Private Message Find Members Posts Add to Buddy List MUSA Citizen Joined: Jun 13 2008 Status: Offline Points: 820	Post Options Post Reply Quote swohio75 Report Post Thanks(0) Quote Reply Posted: Sep 30 2008 at 3:16pm
	This is not a new proposal, but something that had been proposed either in 2006 or 2007.

Middletown News Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List Prominent MUSA Citizen Joined: Apr 29 2008 Location: United States Status: Offline Points: 1100	Post Options Post Reply Quote Middletown News Report Post Thanks(0) Quote Reply Posted: Sep 30 2008 at 3:44pm
	I would have to agree with John. Small businesses need a cash safety. Just to ensure that payrolls will be met, vendors will be paid.
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