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