alw 0 #1 October 1, 2008 This is one they have been discussing yesterday and today. It is good news and should have been done a long time ago, however it is temporary in this bill. Designed to prevent a run on the bank. Just note that if many banks fail without takeovers FDIC will go to the treasury for more. Hopefully fewer will fail. Reality check - people did lose money because they are over the $100,000 in the past. FEDERAL CREDIT UNION ACT; TEMPORARY INCREASE IN SHARE INSURANCE. Also added and does the same thing for Credit Union Shares. --------------------------------------------- Every day is a bonus - every night is an adventure. Quote Share this post Link to post Share on other sites
