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A comment on U.S. lawmakers to examine merits of higher FDIC bank deposit insurance cap. Parent comment

Re:U.S. lawmakers to examine merits of higher FDIC bank depo... by x0x0 on Sunday March 19, 2023 @03:50PM (#35222844)
We already all pay this on the first $250k of deposits.

Insuring unlimited amounts based on the whim of the fed while only charging insurance on the first 250k -- while likely the best path out of the mess last week -- seems like the worst of all choices.

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Re:U.S. lawmakers to examine merits of higher FDIC bank depo... by dragonwriter on Sunday March 19, 2023 @03:53PM (#35222867)
> Insuring unlimited amounts based on the whim of the fed while only charging insurance on the first 250k

The FDIC doesn’t charge insurance on only the amount of deposits covered by insurance. Prior to 2010, it did on all deposits, post 2010 under Dodd-Frank it expanded to all liabilities.

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