FDIC News Alert
The Wall Street Journal reported that on Tuesday May 19, 2009, Congress “signed off on allowing the Federal Deposit Insurance Corp. to borrow as much as $100 billion from the Treasury Department and extending the agency’s new deposit-insurance limit of $250,000 through 2013.”
The extension of the $250,000 insurance level through 2013 is significant both for protecting assets but also providing more flexibility in investment decisions as to amount and timing.
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