***The FDIC should quickly be granted the authority to increase the deposit insurance cap from $100,000 to $250,000 so that families do not have to worry about their money.***
Oh right that’ll solve it. And what if the FDIC runs out of money? Are we going to have it printed? Besides most people don’t have accounts with more than $100,000 so i doubt this would ease most people’s minds.
I've got brokerage accounts that I want to move around large sums from time to time. I have to heed the paltry limit so as not to expose myself to frozen or vanished deposits.
I recently established a second bank account at a small, well rated local bank just to avoid trouble with FDIC & bank failure, and shortly thereafter, my primary bank, Wachovia, vanished into that good night - luckily, as it seems, deposits guarded.