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FDIC To Ask Congress For An Increase In Deposit Insurance
Tuesday, 30 September 2008 23:38:45 GMT
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The FDIC is expected to ask Congress for an expansion on insurance limits to customer deposits when the policy body resumes its normal meetings. Currently, the FDIC insures individual accounts up to $100,000. They are expected to ask for protection up to $250,000. Both presidential candidates have suggested a similar moves in their respective speeches, while other policy officials have said it would be a positive step.
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