new FDIC limits if bailout passes

- B
- beliavsky
  
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posted
15 years ago

Fri, Oct 3, 2008 1:25 PM

The current FDIC insurance limit for a joint (husband and wife) non- retirement account is $200K. For a single owner it would be $100K. If the bailout passes, the limits for joint and individual non-retirement accounts will be $500K and $250K . Correct?

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- G
- Gil Faver
  
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posted
15 years ago

Fri, Oct 3, 2008 3:25 PM

I heard it would be for just one year. In other words, not to make it more convenient for responsible people, but only to bail out irresponsible people that were too stupid or lazy to keep within the present limits.

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- P
- PeterL
  
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posted
15 years ago

Fri, Oct 3, 2008 4:05 PM

Who knows. Let's wait till it passes.

-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.