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FDIC Chairwoman Sheila Bair was on CNBC tonight answering questions from Erin Burnet, crazy Jim Cramer, and an audio in a town hall style meeting. Here's what she had to say.
The House, as part of the second installment on the $700 billion TARP, is considering permanently raising the FDIC limit to $250,000. It will also consider raising the amount the FDIC can borrow...
In September, the FDIC raised the limit on deposit insurance from $100,000 per person to $250,000 per person. But the increase is not permanent. And after December 31, 2009, FDIC is set to roll...
IndyMac has fantastic customer service, and my experience with them shows that it is well worthwhile to open CDs in this low interest rate environment.
This is an excellent article outlining the risks behind complex trust agreements that exceed the FDIC insured limit. The general rule is to avoid failing banks, but that isn't so easy in this...