Obama Proposes Raising FDIC Limit to $250,000

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The Land of Lincolner suggests in morning statement that a provision be added to the bailout bill that would insure people’s savings up to $250,000.

Currently, the agency’s bank deposit insurance limit is $100,000.

Says the step would “boost small businesses, make our banking system more secure, and help restore public confidence in our financial system.”

Full statement here.

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