a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by uhsguy

I think it’s set by law. Congress would have to override it





b_b  ·  621 days ago  ·  link  ·  

Right. That’s my point. Shouldn’t Congress have to weigh in for the fdic and/or fed to bail out depositors over the cap? Seems to never work that way. Everyone gets a prize.

kleinbl00  ·  621 days ago  ·  link  ·  

Banking Act of 1933 set it at $125k, Dodd-Frank upped it to $250k.