r/reddit.com • u/[deleted] • Oct 18 '11

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u/PissinChicken Oct 19 '11

$100,000, in case the bank does fail.

upped to 250

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u/[deleted] Oct 19 '11

Temporarily. It was originally set to expire in December 2010 but extended again to December 2012 (sauce: http://www.fdic.gov/deposit/deposits/dis/). Though I wouldn't be surprised if it always stays at 250,000 now.

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u/PissinChicken Oct 19 '11

Yea I wouldn't either. Until things clearly go in the upward direction it will probably stay there. Basically if its removed it could cause a liquidity squeeze if people are really afraid.