Wednesday, July 21, 2010

Solidifying Moral Hazard at the Retail Level: FDIC Insurance Coverage Permanently Increased to $250,000

No need to be concerned what kind of schmo runs you bank, if you have under $250,000 in the bank.

The Dodd-Frank Wall Street Reform and Consumer Protection Act permanently raises the current standard maximum deposit insurance amount to $250,000. The standard maximum insurance amount of $100,000 had been temporarily raised to $250,000 until December 31, 2013. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category


  1. Geez, maybe they know that massive inflation is around the corner and they're just planning ahead...

  2. Damn, what an awful time for me not to have $250,000.