FDIC Coverage to $250K Proposed
Printed From: MiddletownUSA.com
Category: Outside World
Forum Name: News, Info and Happenings outside Middletown
Forum Description: It might be happening outside Middletown, but it affects us here at home.
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=571
Printed Date: May 03 2024 at 5:50am
Topic: FDIC Coverage to $250K Proposed
Posted By: John Beagle
Subject: FDIC Coverage to $250K Proposed
Date 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.
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http://www.johnbeagle.com/" rel="nofollow - John Beagle
Middletown USA
News of, for and by the people of Middletown, Ohio.
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Replies:
Posted By: swohio75
Date Posted: Sep 30 2008 at 3:16pm
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This is not a new proposal, but something that had been proposed either in 2006 or 2007.
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Posted By: Middletown News
Date 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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