Comments on: Historical FDIC Insurance Limits

By: Robert

Robert — Sun, 04 Oct 2009 23:44:22 +0000

Check out “Money of the Mind” by James Grant for a fascinating history of lending and banking in the US. The author is more critical of the FDIC than most, an extension of his overall critique of monetary policy in America since the early 20th century.

By: Clf

Clf — Sun, 04 Oct 2009 18:39:01 +0000

Why that 250K is not permanent I don’t know. They need to make it forever.

Watching Meet the Press today makes you want to slit your wrists.

The question I have is the FDIC going to actually guarantee their promise to Americans. Can’t believe we’re even talking about the FDIC guarantee.

By: BG

BG — Fri, 02 Oct 2009 17:25:32 +0000

It’s the growth in “real” terms that is the problem. Keeping FDIC insuring the same amount in “constant currency” would be much better, otherwise they need to increase the premiums that is charged the banks (pre-collecting premiums will not help).

By: Financial Samurai

Financial Samurai — Fri, 02 Oct 2009 17:17:46 +0000

Thank fully the limit went to $250k, b/c I was worried. We’ve spread out our savings to 3 banks, so we can be under the limit.

As a couple, you have a $500,000 limit / bank btw.

By: Paul

Paul — Fri, 02 Oct 2009 15:40:08 +0000

I wonder why they don’t automatically adjust the limit each year with the CPI, similar to how social security does?

By: Rick

Rick — Fri, 02 Oct 2009 15:12:27 +0000

As of last year, there still were no savings in America.

By: John DeFlumeri Jr

John DeFlumeri Jr — Fri, 02 Oct 2009 14:54:33 +0000

Without FDIC insurance, there would be no savings in America.