Do you really think that the government is going to remove FDIC insurance limits?
June 28th, 2009
The front page of The Wall Street Journal today said that the government was considering removing deposit insurance limits. Do you really think that this is going to happen?
And if it does, would you still feel comfortable with a couple hundred thousand dollars sitting in one bank account?
I am just curious as to what people think about this new idea being brought up by FDIC.
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Maybe not.
Answer mine??
http://answers.yahoo.com/question/index;_ylt=AhazlF2O24RPZ5X.YskVs5rsy6IX;_ylv=3?qid=20081005130931AAmEQRI
It probably will happen.
It doesn’t matter too much, because as far as I can see, in the entire history of FDIC insured accounts, there has never been a CLAIM. So, as long as you aren’t paying claims, I guess it doesn’t matter much what the LIMIT is.
I’d not feel comfortable with $100,000 sitting in the bank. Banks don’t PAY enough. You’d lose spending value every year, because bank interest doesn’t even keep up with INFLATION. The bank is a HORRIBLE place to park long term funds.
~~They just raised the insurance coverage limits to $250,000.00 to each different bank account. They want to build confidence in the banking system, not take it away. I have no idea why Wall Street Journal would print such a thing.~~
I doubt they would move that quickly to remove them all together. They just raised them to $250,000 temporarily and haven’t really seen how big or small the problem is fully.
I could see in a few months if they seem to think that the banking system is sound, but investor confidence is down, but other wise no.