Increase in Deposit Insurance: The Silver Lining

Posted By Cliff Tuttle | October 2, 2008

Posted by Cliff Tuttle

The proposed increase in FDIC Insurance to $250,000.00 per account is coming about under the worst circumstances, but just in time. Increased deposits in insured institutions will mean more money for community banks, credit unions and thrifts to lend for home loans, small business loans and consumer loans. While the Senate enacted it last night as a temporary measure, we predict that the House will adopt the increase in deposit insurance and it will never be permitted to lapse.

CLT

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CLIFF TUTTLE has been a Pennsylvania lawyer for over 45 years and (inter alia) is a real estate litigator and legal writer. The posts in this blog are intended to provide general information about legal topics of interest to lawyers and consumers with a Pittsburgh and Western Pennsylvania focus. However, this information does not constitute legal advice and there is no lawyer-client relationship created when you read this blog. You are encouraged to leave comments but be aware that posted comments can be read by others. If you wish to contact me in privacy, please use the Contact Form located immediately below this message. I will reply promptly and in strict confidence.

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