I thought they had upped it to $250,000 - still can't cover it but it sounds better.
It’s temporarily up to $250,000.
That’s just going to make the problem worse. I would imagine that those with $250,000 accounts will be the first to get their money out since they probably follow finance more than the average person. The FDIC doesn’t have the money to physically back these accounts up. The fact that it is now $250,000 means that money will get taken out of the system even faster should there be a run.