{"id":5974,"date":"2010-06-16T15:24:08","date_gmt":"2010-06-16T20:24:08","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=5974"},"modified":"2011-01-20T14:05:51","modified_gmt":"2011-01-20T19:05:51","slug":"the-fdics-deposit-insurance-limit","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/06\/16\/the-fdics-deposit-insurance-limit\/","title":{"rendered":"The FDIC&#8217;s deposit-insurance limit"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-5975\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/06\/FDIC-seal.jpg\" alt=\"FDIC seal\" width=\"105\" height=\"46\" \/>Congressional negotiators working out difference between the <a href=\"http:\/\/www.house.gov\/\">House<\/a> and <a href=\"http:\/\/www.senate.gov\/\">Senate<\/a> financial reform bills are hammering out <a title=\"compromises\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=aiueM0Q0iGso\" target=\"_blank\">compromises <\/a>right and left.\u00a0 One would permanently (and retroactively to January 2008) move from $100,000 to $250,000 the deposit insurance on individual bank accounts.\u00a0 <a href=\"http:\/\/bu.edu\/law\">Law<\/a> Professor <a title=\"Cornelius Hurley\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/banking\/hurley.html\" target=\"_blank\">Cornelius Hurley<\/a>, director of the <a title=\"Morin Center for Banking and Financial Law\" href=\"http:\/\/www.bu.edu\/law\/morincenter\/\" target=\"_blank\">Morin Center for Banking and Financial Law <\/a>and a former counsel to the <a href=\"http:\/\/www.federalreserve.gov\/\">Fed Board of Governors<\/a>, doesn&#8217;t think the raised limit is a good idea.<\/p>\n<p><em>\u201cPermanently raising the federal deposit insurance ceiling from $100,000 to $250,000 when the Federal Deposit Insurance Fund is over $20 billion in the red is irresponsible. <\/em><em>By raising taxpayer-funded deposit insurance coverage &#8230;\u00a0it seems the [banking]\u00a0lobbyists\u2019 messages are getting through loud and clear.\u201d<\/em><\/p>\n<p>Contact Cornelius Hurley, 617-353-5427, <a href=\"mailto:ckhurley@bu.edu\">ckhurley@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Congressional negotiators working out difference between the House and Senate financial reform bills are hammering out compromises right and left.\u00a0 One would permanently (and retroactively to January 2008) move from $100,000 to $250,000 the deposit insurance on individual bank accounts.\u00a0 Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[176,2854,943,1918,657,2851,3081,2786,3173,3172,2846,2936,1974],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5974"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=5974"}],"version-history":[{"count":5,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5974\/revisions"}],"predecessor-version":[{"id":7703,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5974\/revisions\/7703"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=5974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=5974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=5974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}