Lawmakers reviewing FDIC limit

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I actually agree with Poco here

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Better try to dissect the reason why she likes it.

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“I think that lifting the FDIC insurance cap is a good move,” Senator Elizabeth Warren,

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This will not end well for the taxpayer.

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Raise it a bit for all, and allow big account holders to pay a fee to insure huge accounts.

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This is the way

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Raise it a bit for all, and allow big account holders to pay a fee to insure huge accounts.

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This is the way. Leave it at $250k for all though. Allow a fee schedule for optional insurance over that. Only I'm not sure I like the idea of government getting into that business. As the pool grows it will be too enticing for lawmakers to not raid for other things.

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Raise it a bit for all, and allow big account holders to pay a fee to insure huge accounts.

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I don’t disagree with this but we all need to recognize that all this does is protect bank investors and pass on the cost to the consumer.

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I actually agree with Poco here

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So you support fully socialized banking? Bet you are a "conservative" too.

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but we all need to recognize that all this does is protect bank investors and pass on the cost to the consumer.

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Huh? The excess is paid for by the accounts over the universal limit. They choose to accept this cost.

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So you support fully socialized banking? Bet you are a "conservative" too.

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What do you think faster road there is?

Banking with 2-3 banks that won't let you buy bullets or raising limit protecting multiple banks

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Huh? The excess is paid for by the accounts over the universal limit. They choose to accept this cost.

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all this is doing is making account holders essentially purchase insurance rather than forcing the bank’s assets to cover them.

Where they gonna get the money? There isn't nearly enough FDIC money to come close to covering 250g's!