Sorry to put a financial/economic article in my blog but we need to know this.
The insane are running this country! We are now insuring deposits up to 250,000 but this expires on 12/31/09 the end of THIS YEAR! – Info comes straight out of the FDIC information sent to the bank’s!
Basic Coverage for all depositors:
1.Until December 31, 2009: Under 12 C.F.R. 330.1(n)-Standard maximum deposit
Insurance amount, referred to as "the SMDIA" hereafter, means $250,000 adjusted ...